Federated Hermes Inc. Sells 47,543 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Federated Hermes Inc. lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 49.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,805 shares of the industrial products company's stock after selling 47,543 shares during the period. Federated Hermes Inc.'s holdings in Stanley Black & Decker were worth $3,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in Stanley Black & Decker by 40.1% in the fourth quarter. Russell Investments Group Ltd. now owns 287,649 shares of the industrial products company's stock worth $23,095,000 after acquiring an additional 82,389 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Stanley Black & Decker by 13.4% in the 4th quarter. Wedbush Securities Inc. now owns 7,408 shares of the industrial products company's stock worth $595,000 after purchasing an additional 877 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $4,859,000. Wells Fargo & Company MN raised its holdings in shares of 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 buying an additional 18,778 shares in the last quarter. Finally, Systematic Alpha Investments LLC bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $424,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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 report on Thursday, December 19th. Wells Fargo & Company lowered their price target 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. Barclays reduced 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 note on Wednesday, March 26th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Finally, Citigroup dropped their target price 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. 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $102.20.

Stanley Black & Decker Trading Up 0.5 %

Shares of SWK stock traded up $0.27 during trading hours on Friday, reaching $57.08. The company's stock had a trading volume of 2,922,374 shares, compared to its average volume of 1,753,376. 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 capitalization of $8.82 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.33 and a beta of 1.14. The firm's fifty day simple moving average is $77.27 and its 200 day simple moving average is $85.72. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 5.75%. Stanley Black & Decker's payout ratio is 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.