iA Global Asset Management Inc. Has $311,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

iA Global Asset Management Inc. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 52.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,875 shares of the industrial products company's stock after selling 4,351 shares during the quarter. iA Global Asset Management Inc.'s holdings in Stanley Black & Decker were worth $311,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State Street Corp raised its position in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 35,100 shares in the last quarter. Clean Energy Transition LLP boosted its stake in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after acquiring an additional 652,780 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Stanley Black & Decker by 7.3% in 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 last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Stanley Black & Decker by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company's stock valued at $103,053,000 after purchasing an additional 122,639 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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Stanley Black & Decker Price Performance

NYSE:SWK traded down $0.70 during mid-day trading on Thursday, reaching $77.74. 1,654,243 shares of the stock were exchanged, compared to its average volume of 1,538,053. Stanley Black & Decker, Inc. has a 1-year low of $77.32 and a 1-year 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 firm has a market capitalization of $12.01 billion, a PE ratio of 40.07, a PEG ratio of 1.33 and a beta of 1.25. The business has a fifty day moving average price of $85.31 and a 200 day moving average price of $90.42.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued 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 4.22%. Stanley Black & Decker's payout ratio is presently 169.07%.

Analyst Ratings Changes

SWK has been the topic of several research reports. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. 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. 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. UBS Group reduced their price target on shares of 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. Finally, Jefferies Financial Group assumed 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 objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and an average price target of $102.20.

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.