Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,400 shares of the industrial products company's stock after selling 111,866 shares during the quarter. Bank of Montreal Can owned 0.12% of Stanley Black & Decker worth $14,966,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Polymer Capital Management US LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at $272,000. Russell Investments Group Ltd. boosted its stake in shares of Stanley Black & Decker by 40.1% in the 4th quarter. Russell Investments Group Ltd. now owns 287,649 shares of the industrial products company's stock valued at $23,095,000 after buying an additional 82,389 shares during the period. Wedbush Securities Inc. grew its position in shares of Stanley Black & Decker by 13.4% during the fourth quarter. Wedbush Securities Inc. now owns 7,408 shares of the industrial products company's stock worth $595,000 after buying an additional 877 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $4,859,000. Finally, Wells Fargo & Company MN lifted its stake in Stanley Black & Decker by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock worth $312,732,000 after acquiring an additional 18,778 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. UBS Group decreased their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Barclays dropped their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $0.27 during midday trading on Friday, hitting $57.08. 2,922,374 shares of the company's stock were exchanged, compared to its average volume of 1,753,376. The firm's 50 day simple moving average is $77.27 and its 200 day simple moving average is $85.72. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 5.75%. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.