Barclays PLC Sells 78,445 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Barclays PLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 348,892 shares of the industrial products company's stock after selling 78,445 shares during the quarter. Barclays PLC owned 0.23% of Stanley Black & Decker worth $28,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of SWK. Rockefeller Capital Management L.P. boosted its stake in Stanley Black & Decker by 5.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 14,802 shares of the industrial products company's stock worth $1,189,000 after buying an additional 828 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Stanley Black & Decker by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 9,109 shares of the industrial products company's stock worth $731,000 after acquiring an additional 3,250 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Stanley Black & Decker by 15.4% in the fourth quarter. Kennedy Capital Management LLC now owns 86,206 shares of the industrial products company's stock worth $6,921,000 after purchasing an additional 11,473 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Stanley Black & Decker by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,578 shares of the industrial products company's stock valued at $5,426,000 after acquiring an additional 420 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its position in Stanley Black & Decker by 41.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 5,287 shares of the industrial products company's stock valued at $424,000 after purchasing an additional 1,544 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $2.27 during trading hours on Thursday, hitting $61.41. The company had a trading volume of 603,960 shares, compared to its average volume of 2,270,202. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The firm has a 50-day moving average of $74.96 and a 200 day moving average of $84.32. The firm has a market cap of $9.49 billion, a PE ratio of 31.65, a PEG ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.34%. Stanley Black & Decker's payout ratio is 169.07%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup lowered their target price 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. UBS Group lowered 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. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays cut their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Company 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.