Stanley Black & Decker, Inc. (NYSE:SWK) Stock Holdings Trimmed by Manchester Financial Inc.

Manchester Financial Inc. lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 26.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,989 shares of the industrial products company's stock after selling 5,870 shares during the quarter. Manchester Financial Inc.'s holdings in Stanley Black & Decker were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. IMS Capital Management purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $316,000. Avidian Wealth Enterprises LLC boosted its position in Stanley Black & Decker by 14.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 2,795 shares of the industrial products company's stock worth $224,000 after acquiring an additional 357 shares during the last quarter. Essex Financial Services Inc. grew its stake in Stanley Black & Decker by 10.5% in the 4th quarter. Essex Financial Services Inc. now owns 24,900 shares of the industrial products company's stock worth $1,999,000 after acquiring an additional 2,373 shares during the period. Principle Wealth Partners LLC raised its holdings in Stanley Black & Decker by 16.6% in the 4th quarter. Principle Wealth Partners LLC now owns 7,514 shares of the industrial products company's stock valued at $603,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Regents Gate Capital LLP purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth $4,421,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the subject of several analyst reports. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Barclays dropped 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, January 8th. Mizuho raised shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Morgan Stanley dropped 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. Finally, Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $103.00.

Stanley Black & Decker Trading Down 0.1 %

Shares of SWK stock traded down $0.08 during mid-day trading on Tuesday, reaching $87.02. The company's stock had a trading volume of 993,341 shares, compared to its average volume of 1,864,804. The company's 50 day simple moving average is $83.93 and its 200-day simple moving average is $93.02. The firm has a market capitalization of $13.42 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

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 (EPS) for the quarter, topping 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%. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.09 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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

Stanley Black & Decker Company Profile

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.