NFJ Investment Group LLC Sells 37,777 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

NFJ Investment Group LLC lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 457,279 shares of the industrial products company's stock after selling 37,777 shares during the quarter. Stanley Black & Decker makes up approximately 1.2% of NFJ Investment Group LLC's portfolio, making the stock its 15th biggest position. NFJ Investment Group LLC owned 0.30% of Stanley Black & Decker worth $36,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the last quarter. Invesco Ltd. increased its holdings in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after purchasing an additional 763,219 shares during the period. Wells Fargo & Company MN increased its holdings in Stanley Black & Decker by 0.5% during the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock valued at $312,732,000 after purchasing an additional 18,778 shares during the period. Geode Capital Management LLC lifted its holdings in Stanley Black & Decker by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,755,653 shares of the industrial products company's stock worth $300,756,000 after buying an additional 175,801 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Stanley Black & Decker by 4.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,098,469 shares of the industrial products company's stock valued at $248,776,000 after buying an additional 129,614 shares during the period. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several recent analyst reports. Wells Fargo & Company cut 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. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. UBS Group cut their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Finally, Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. One 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. According to data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Up 0.5 %

SWK traded up $0.27 during trading on Friday, hitting $57.08. 2,922,374 shares of the company's stock traded hands, compared to its average volume of 1,756,453. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.33 and a beta of 1.14. The company's 50 day simple moving average is $76.67 and its two-hundred day simple moving average is $85.35. Stanley Black & Decker, Inc. has a 12-month low of $53.91 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.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's dividend payout ratio (DPR) is presently 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 Outdoor and Industrial segments.