Schroder Investment Management Group Sells 18,834 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Schroder Investment Management Group lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 782,152 shares of the industrial products company's stock after selling 18,834 shares during the quarter. Schroder Investment Management Group owned 0.51% of Stanley Black & Decker worth $62,799,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth $12,000,000. Allstate Corp purchased a new position in Stanley Black & Decker in the fourth quarter worth about $364,000. Pictet Asset Management Holding SA increased its position in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 89,767 shares of the industrial products company's stock valued at $7,207,000 after purchasing an additional 3,044 shares during the last quarter. Norges Bank purchased a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $117,231,000. Finally, Blair William & Co. IL boosted its holdings in shares of Stanley Black & Decker by 7.7% in the fourth quarter. Blair William & Co. IL now owns 10,020 shares of the industrial products company's stock worth $804,000 after buying an additional 716 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on SWK shares. Wells Fargo & Company reduced 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 report on Tuesday, January 7th. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. One 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $102.20.

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Stanley Black & Decker Price Performance

SWK stock traded down $12.25 during midday trading on Thursday, hitting $64.73. The company's stock had a trading volume of 6,031,849 shares, compared to its average volume of 1,604,159. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $64.15 and a 12 month high of $110.88. The company has a 50 day moving average of $84.49 and a two-hundred day moving average of $89.69. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.07%. Stanley Black & Decker's payout ratio is currently 169.07%.

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 Outdoor and Industrial segments.