Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 61.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,674 shares of the industrial products company's stock after selling 5,855 shares during the quarter. Vinva Investment Management Ltd's holdings in Stanley Black & Decker were worth $293,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Stanley Black & Decker by 29.8% in the third quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company's stock worth $927,000 after buying an additional 1,933 shares during the last quarter. Pathstone Holdings LLC boosted its position in Stanley Black & Decker by 4.6% in the 3rd quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company's stock worth $1,412,000 after purchasing an additional 560 shares in the last quarter. Caprock Group LLC purchased a new stake in Stanley Black & Decker in the 3rd quarter worth approximately $440,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $467,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Stanley Black & Decker by 12.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 30,765 shares of the industrial products company's stock valued at $3,388,000 after purchasing an additional 3,309 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

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Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $2.04 during mid-day trading on Wednesday, reaching $78.44. The company's stock had a trading volume of 1,686,191 shares, compared to its average volume of 1,798,100. The stock has a market capitalization of $12.12 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $77.35 and a 1-year high of $110.88. The stock has a 50-day moving average of $85.41 and a two-hundred day moving average of $90.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal 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 given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.18%. Stanley Black & Decker's payout ratio is 169.07%.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Barclays reduced their target price on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $102.20.

Stanley Black & Decker Company 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.