Steward Partners Investment Advisory LLC Reduces Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Steward Partners Investment Advisory LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 70.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,171 shares of the industrial products company's stock after selling 5,090 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Stanley Black & Decker were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SWK. Clean Energy Transition LLP lifted its position in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock worth $218,518,000 after purchasing an additional 652,780 shares during the period. State Street Corp raised its stake in Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after buying an additional 549,531 shares in the last quarter. FMR LLC lifted its holdings in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after buying an additional 267,723 shares during the period. National Pension Service boosted its position in Stanley Black & Decker by 485.1% during the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company's stock valued at $23,315,000 after acquiring an additional 240,752 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company's stock worth $326,960,000 after acquiring an additional 235,106 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently weighed in on SWK. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective on the stock. Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price target on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $103.00.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded up $0.63 during trading on Wednesday, hitting $81.95. 546,484 shares of the company's stock traded hands, compared to its average volume of 1,775,497. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The business has a 50-day simple moving average of $85.45 and a 200-day simple moving average of $91.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market capitalization of $12.66 billion, a P/E ratio of 42.26, a PEG 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, topping 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%. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. Stanley Black & Decker's payout ratio is 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.