Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,568 shares of the industrial products company's stock after selling 11,172 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of Stanley Black & Decker worth $7,344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after buying an additional 495,103 shares during the period. State Street Corp raised its stake in shares of Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after acquiring an additional 549,531 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after purchasing an additional 35,100 shares during the period. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after purchasing an additional 652,780 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after purchasing an additional 109,100 shares during the period. 87.77% of the stock is currently owned by institutional investors.

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Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $0.78 during trading on Tuesday, reaching $76.10. 1,846,832 shares of the company traded hands, compared to its average volume of 1,582,820. Stanley Black & Decker, Inc. has a 12-month low of $74.31 and a 12-month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a market cap of $11.76 billion, a P/E ratio of 39.23, a PEG ratio of 1.33 and a beta of 1.25. The firm's fifty day simple moving average is $84.88 and its 200 day simple moving average is $89.95.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (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%. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal 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 $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.31%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SWK. Barclays dropped their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research 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 report on Thursday, December 19th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of 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. Finally, UBS Group lowered their price target on 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 given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker 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 Outdoor and Industrial segments.