Versor Investments LP Sells 2,946 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Versor Investments LP decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,754 shares of the industrial products company's stock after selling 2,946 shares during the period. Versor Investments LP's holdings in Stanley Black & Decker were worth $1,345,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the fourth quarter worth approximately $36,000. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $44,000. Crews Bank & Trust acquired a new position in Stanley Black & Decker during the 4th quarter valued at $49,000. R Squared Ltd bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $54,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Stanley Black & Decker by 363.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company's stock worth $72,000 after acquiring an additional 513 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective 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. 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 research note on Thursday, February 6th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price objective on the stock. Barclays cut their target price on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group lowered their price target on 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $103.00.

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Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded down $2.51 during trading on Monday, reaching $84.02. The company's stock had a trading volume of 2,399,276 shares, compared to its average volume of 1,787,372. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The stock has a 50-day moving average price of $84.90 and a two-hundred day moving average price of $92.52. 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 stock has a market capitalization of $12.97 billion, a P/E ratio of 43.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (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, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Tuesday, March 4th. 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 Storage segment, and Industrial segment.