DnB Asset Management AS Sells 36,778 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

DnB Asset Management AS decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,218 shares of the industrial products company's stock after selling 36,778 shares during the quarter. DnB Asset Management AS's holdings in Stanley Black & Decker were worth $3,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Stanley Black & Decker by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the period. State Street Corp lifted its position in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Geode Capital Management LLC grew its holdings in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after purchasing an additional 35,100 shares during the period. Clean Energy Transition LLP increased its position in Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after buying an additional 652,780 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock valued at $128,054,000 after buying an additional 109,100 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective for the company. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Barclays cut their price objective 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 investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $12.25 during midday trading on Thursday, reaching $64.73. 6,031,848 shares of the stock traded hands, compared to its average volume of 1,604,159. The company's 50 day moving average is $84.49 and its 200 day moving average is $89.69. Stanley Black & Decker, Inc. has a one year low of $64.15 and a one 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 has a market capitalization of $10.00 billion, a PE ratio of 33.37, a P/E/G ratio of 1.33 and a beta of 1.25.

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 earnings per share (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%. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

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.