US Bancorp DE Has $2.08 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

US Bancorp DE cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,909 shares of the industrial products company's stock after selling 5,149 shares during the quarter. US Bancorp DE's holdings in Stanley Black & Decker were worth $2,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SWK. Argyle Capital Management LLC grew its position in shares of Stanley Black & Decker by 197.5% during the 4th quarter. Argyle Capital Management LLC now owns 5,950 shares of the industrial products company's stock worth $478,000 after purchasing an additional 3,950 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $1,747,000. New York Life Investment Management LLC grew its position in shares of Stanley Black & Decker by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock worth $1,664,000 after purchasing an additional 181 shares in the last quarter. National Pension Service grew its position in shares of 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 worth $23,315,000 after purchasing an additional 240,752 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $959,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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Stanley Black & Decker Trading Up 4.6 %

NYSE SWK traded up $3.96 on Friday, hitting $89.07. The company's stock had a trading volume of 2,539,344 shares, compared to its average volume of 1,842,706. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company's 50-day moving average is $85.27 and its 200 day moving average is $92.12. The firm has a market cap of $13.75 billion, a PE ratio of 45.91, 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 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. Citigroup cut 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 report on Thursday, February 6th. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Finally, Barclays cut their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $103.00.

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.