Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Candriam S.C.A.

Candriam S.C.A. lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,635 shares of the industrial products company’s stock after selling 223 shares during the quarter. Candriam S.C.A.’s holdings in Stanley Black & Decker were worth $1,175,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker during the fourth quarter worth $36,000. Cape Investment Advisory Inc. grew its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 237 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $44,000. Finally, Crews Bank & Trust acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWK. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Barclays cut their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Citigroup cut their price objective 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. Finally, Wells Fargo & Company lowered their target price on 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. 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, the company has an average rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $89.07 on Monday. The business has a 50-day simple moving average of $85.27 and a 200-day simple moving average of $92.08. 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, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a market cap of $13.75 billion, a PE ratio of 45.91, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm 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 dividend of $0.82 per share. 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 dividend payout ratio (DPR) is 169.07%.

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 Storage segment, and Industrial segment.