Stifel Financial Corp Trims Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Stifel Financial Corp reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 742,294 shares of the industrial products company's stock after selling 42,357 shares during the quarter. Stifel Financial Corp owned 0.48% of Stanley Black & Decker worth $59,599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Norges Bank purchased a new stake in shares of Stanley Black & Decker in the 4th quarter worth $117,231,000. Invesco Ltd. raised its holdings in Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after purchasing an additional 763,219 shares during the period. Marshall Wace LLP lifted its position in Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after purchasing an additional 575,129 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in 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 purchasing an additional 495,103 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

SWK has been the topic of a number of analyst reports. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Barclays dropped their price target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. UBS Group lowered their target price on shares of 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. Wells Fargo & Company cut their price target on 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. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $58.42 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The business has a 50 day simple moving average of $75.52 and a two-hundred day simple moving average of $84.50. The stock has a market capitalization of $9.03 billion, a PE ratio of 30.11, a P/E/G ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results 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%. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS 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 given a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 5.61%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

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 Outdoor and Industrial segments.

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