Knights of Columbus Asset Advisors LLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,638 shares of the industrial products company's stock after selling 54,717 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Stanley Black & Decker were worth $4,467,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in SWK. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter worth about $36,000. Cape Investment Advisory Inc. boosted its holdings in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. lifted its holdings in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after buying an additional 199 shares during the period. Finally, Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $44,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
Stanley Black & Decker Price Performance
Shares of SWK stock traded down $2.04 during mid-day trading on Wednesday, hitting $78.44. The company had a trading volume of 1,686,191 shares, compared to its average volume of 1,537,458. 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's 50 day moving average price is $85.41 and its 200-day moving average price is $90.51. Stanley Black & Decker, Inc. has a 52-week low of $77.36 and a 52-week high of $110.88. The company has a market capitalization of $12.12 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.33 and a beta of 1.25.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Citigroup decreased their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Thursday, December 19th. UBS Group decreased their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Barclays cut their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $102.20.
Check Out Our Latest Stock Analysis on SWK
Stanley Black & Decker Company Profile
(
Free Report)
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.
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