Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,843 shares of the industrial products company's stock after selling 3,825 shares during the quarter. Meyer Handelman Co.'s holdings in Stanley Black & Decker were worth $6,009,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC grew its holdings in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $36,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after buying an additional 237 shares during the period. Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. purchased a new position in Stanley Black & Decker in the third quarter worth approximately $72,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on SWK shares. Barclays decreased 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 note on Wednesday, January 8th. Wells Fargo & Company dropped 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. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $101.25.

Stanley Black & Decker Stock Up 1.3 %

SWK traded up $1.05 on Wednesday, hitting $83.41. 1,055,768 shares of the company were exchanged, compared to its average volume of 1,247,431. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.86 billion, a price-to-earnings ratio of -60.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The firm has a 50-day moving average price of $84.59 and a two-hundred day moving average price of $93.26. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The business's quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.93%. Stanley Black & Decker's payout ratio is currently -239.42%.

Stanley Black & Decker 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 Storage segment, and Industrial segment.