Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,417 shares of the industrial products company's stock after selling 11,920 shares during the quarter. Sanibel Captiva Trust Company Inc.'s holdings in Stanley Black & Decker were worth $3,004,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SWK. American Century Companies Inc. raised its position in Stanley Black & Decker by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 13,062 shares of the industrial products company's stock valued at $1,044,000 after purchasing an additional 1,416 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Stanley Black & Decker by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 82,613 shares of the industrial products company's stock valued at $6,600,000 after acquiring an additional 8,298 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock worth $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Amalgamated Bank increased its position in Stanley Black & Decker by 24.6% during the 2nd quarter. Amalgamated Bank now owns 39,942 shares of the industrial products company's stock valued at $3,191,000 after purchasing an additional 7,883 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at about $382,000. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SWK. The Goldman Sachs Group boosted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. 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. Morgan Stanley lowered their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Barclays reduced their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and an average price target of $101.25.

Stanley Black & Decker Stock Performance

SWK stock traded up $0.37 during midday trading on Friday, reaching $84.34. The stock had a trading volume of 1,510,697 shares, compared to its average volume of 1,258,424. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The firm has a fifty day simple moving average of $84.14 and a two-hundred day simple moving average of $93.27. The stock has a market cap of $13.00 billion, a PE ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company's revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.89%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -239.42%.

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.