Corient Private Wealth LLC Cuts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Corient Private Wealth LLC trimmed its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,906 shares of the industrial products company's stock after selling 14,586 shares during the period. Corient Private Wealth LLC's holdings in Stanley Black & Decker were worth $1,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Stanley Black & Decker by 6.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 229,199 shares of the industrial products company's stock valued at $18,402,000 after buying an additional 13,093 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $3,484,000. Avantax Advisory Services Inc. boosted its position in shares of Stanley Black & Decker by 14.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,697 shares of the industrial products company's stock worth $217,000 after purchasing an additional 337 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Stanley Black & Decker by 72.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,187 shares of the industrial products company's stock worth $176,000 after buying an additional 916 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Stanley Black & Decker by 396.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,842 shares of the industrial products company's stock valued at $1,433,000 after buying an additional 14,250 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Barclays cut their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research report on Wednesday. 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 research report on Friday, February 7th. Finally, Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. 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 stock. Based on data from MarketBeat, Stanley Black & Decker has an average rating of "Hold" and a consensus price target of $102.20.

Stanley Black & Decker Stock Performance

SWK stock traded down $0.94 during trading on Friday, hitting $76.77. 546,786 shares of the company traded hands, compared to its average volume of 1,575,832. Stanley Black & Decker, Inc. has a 1 year low of $76.56 and a 1 year high of $110.88. The company has a market cap of $11.86 billion, a PE ratio of 39.57, a P/E/G ratio of 1.33 and a beta of 1.25. The stock's 50-day simple moving average is $85.19 and its 200 day simple moving average is $90.34. 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 posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors 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 dividend yield of 4.27%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

About Stanley Black & Decker

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.