New South Capital Management Inc. Reduces Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

New South Capital Management Inc. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 215,489 shares of the industrial products company's stock after selling 20,730 shares during the quarter. New South Capital Management Inc. owned approximately 0.14% of Stanley Black & Decker worth $17,302,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its position in shares of Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock worth $581,000 after acquiring an additional 111 shares in the last quarter. Advisors Management Group Inc. ADV lifted its holdings in Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after purchasing an additional 117 shares in the last quarter. MML Investors Services LLC boosted its stake in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company's stock worth $1,740,000 after purchasing an additional 127 shares during the period. Assetmark Inc. grew its holdings in Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company's stock valued at $1,039,000 after buying an additional 130 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently commented on SWK shares. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Citigroup reduced their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Finally, 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. 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $103.00.

Stanley Black & Decker Trading Up 4.6 %

SWK stock traded up $3.96 during trading on Friday, hitting $89.07. 2,539,344 shares of the company traded hands, compared to its average volume of 1,842,706. 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 company has a 50-day moving average of $85.27 and a 200-day moving average of $92.12. The firm has a market capitalization of $13.75 billion, a PE ratio of 45.91, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 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%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker's dividend 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.