Douglas Lane & Associates LLC Trims Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Douglas Lane & Associates LLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,891 shares of the industrial products company's stock after selling 50,425 shares during the period. Douglas Lane & Associates LLC's holdings in Stanley Black & Decker were worth $4,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in Stanley Black & Decker by 9.5% in the fourth quarter. Nordea Investment Management AB now owns 13,167 shares of the industrial products company's stock valued at $1,063,000 after purchasing an additional 1,142 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 177,100 shares of the industrial products company's stock valued at $19,504,000 after buying an additional 5,493 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after acquiring an additional 18,776 shares during the last quarter. Synovus Financial Corp purchased a new position in Stanley Black & Decker in the third quarter worth $307,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Stanley Black & Decker during the third quarter valued at about $602,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 0.1 %

Shares of NYSE:SWK traded down $0.11 during midday trading on Thursday, hitting $81.54. 1,305,115 shares of the stock traded hands, compared to its average volume of 1,275,883. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $12.57 billion, a PE ratio of -59.52, a P/E/G ratio of 2.24 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business's 50 day moving average is $85.41 and its two-hundred day moving average is $93.12.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. During the same quarter last year, the business posted $1.05 EPS. The business's revenue was down 5.1% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 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, December 17th. Shareholders of record on Friday, November 29th were issued a $0.82 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 4.02%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SWK. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Thursday, December 19th. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley cut their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $101.25.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.