International Assets Investment Management LLC Decreases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

International Assets Investment Management LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,519 shares of the industrial products company's stock after selling 387,138 shares during the period. International Assets Investment Management LLC's holdings in Stanley Black & Decker were worth $521,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SWK. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company's stock valued at $2,353,000 after buying an additional 11,151 shares during the period. State Street Corp lifted its stake in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after acquiring an additional 549,531 shares during the last quarter. FMR LLC increased its position in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock valued at $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 1.0% in the 3rd 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 in the last quarter. Finally, New South Capital Management Inc. lifted its holdings in Stanley Black & Decker by 7.4% during the 3rd quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company's stock worth $26,015,000 after buying an additional 16,229 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $1.52 during mid-day trading on Friday, hitting $80.04. 1,605,811 shares of the company were exchanged, compared to its average volume of 1,330,869. The stock has a 50 day simple moving average of $85.15 and a 200-day simple moving average of $93.16. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. 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 firm has a market cap of $12.34 billion, a price-to-earnings ratio of -58.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SWK shares. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Finally, Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. One 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's stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price 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.