Keybank National Association OH Decreases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Keybank National Association OH decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,838 shares of the industrial products company's stock after selling 4,966 shares during the quarter. Keybank National Association OH's holdings in Stanley Black & Decker were worth $2,235,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. grew its stake in shares of Stanley Black & Decker by 227.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 67,021 shares of the industrial products company's stock worth $7,381,000 after acquiring an additional 46,544 shares in the last quarter. National Pension Service purchased a new position in Stanley Black & Decker during the third quarter worth about $5,466,000. QRG Capital Management Inc. grew its position in Stanley Black & Decker by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 3,301 shares of the industrial products company's stock worth $364,000 after purchasing an additional 226 shares in the last quarter. Impax Asset Management Group plc increased its stake in Stanley Black & Decker by 11.1% in the 3rd quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company's stock valued at $45,315,000 after buying an additional 41,043 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $268,000. Institutional investors and hedge funds own 87.77% of the company's stock.

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Stanley Black & Decker Price Performance

SWK stock traded down $2.03 during mid-day trading on Monday, hitting $86.94. 2,134,709 shares of the stock were exchanged, compared to its average volume of 1,849,191. 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 $13.43 billion, a price-to-earnings ratio of 44.82, a PEG ratio of 1.33 and a beta of 1.25. The business has a fifty day moving average price of $85.27 and a 200 day moving average price of $92.08. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its 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%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.77%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 169.07%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SWK shares. Barclays reduced their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. UBS Group cut their target price 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. Mizuho raised 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. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $103.00.

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 Storage segment, and Industrial segment.