Delta Asset Management LLC TN Decreases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Delta Asset Management LLC TN reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,506 shares of the industrial products company's stock after selling 10,852 shares during the period. Stanley Black & Decker makes up 1.6% of Delta Asset Management LLC TN's holdings, making the stock its 21st largest position. Delta Asset Management LLC TN owned approximately 0.14% of Stanley Black & Decker worth $17,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. raised its holdings in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after buying an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $44,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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Stanley Black & Decker Stock Performance

SWK stock traded down $0.63 during midday trading on Monday, hitting $75.80. 395,249 shares of the stock traded hands, compared to its average volume of 1,771,642. Stanley Black & Decker, Inc. has a 1-year low of $74.31 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock's fifty day simple moving average is $85.03 and its 200-day simple moving average is $90.10. The firm has a market cap of $11.71 billion, a P/E ratio of 39.10, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, 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 declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's payout ratio is presently 169.07%.

Analyst Ratings Changes

SWK has been the topic of several research reports. 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, March 26th. Wells Fargo & Company cut their price objective on 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. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. Finally, Mizuho raised shares of 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 equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $102.20.

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.