Victory Capital Management Inc. Sells 36,904 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Victory Capital Management Inc. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,346 shares of the industrial products company's stock after selling 36,904 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Stanley Black & Decker worth $7,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SWK. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after purchasing an additional 652,780 shares in the last quarter. State Street Corp lifted its holdings in Stanley Black & Decker by 6.5% during the 3rd 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 during the last quarter. FMR LLC lifted its holdings in Stanley Black & Decker by 40.8% during the 3rd 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 last quarter. National Pension Service lifted its holdings 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 worth $23,315,000 after buying an additional 240,752 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 8.6% during 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 buying an additional 235,106 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

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Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $0.23 during trading on Tuesday, reaching $81.32. The company's stock had a trading volume of 1,137,346 shares, compared to its average volume of 1,529,016. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The business's fifty day moving average price is $85.45 and its 200-day moving average price is $91.31. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 41.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.50% and a net margin of 1.92%. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.03%. Stanley Black & Decker's dividend payout ratio is 169.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SWK shares. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $103.00.

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.