Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,924 shares of the industrial products company's stock after selling 268,434 shares during the quarter. JPMorgan Chase & Co. owned about 0.24% of Stanley Black & Decker worth $29,621,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Americana Partners LLC boosted its stake in Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after purchasing an additional 72,637 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $1,386,000. Avanza Fonder AB purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $1,287,000. Geode Capital Management LLC increased its position in 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 acquiring an additional 35,100 shares during the period. Finally, Franklin Resources Inc. raised its stake in 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 valued at $18,298,000 after acquiring an additional 18,776 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK traded up $0.33 on Friday, hitting $59.01. 3,765,514 shares of the company were exchanged, compared to its average volume of 1,735,643. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm has a market capitalization of $9.12 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The business's fifty day moving average is $79.49 and its 200 day moving average is $86.82.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays dropped their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. 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 research note on Thursday, December 19th. UBS Group cut their price objective on shares of 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. Citigroup lowered their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and an average target price 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.