Delta Asset Management LLC TN Sells 10,852 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Delta Asset Management LLC TN trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,506 shares of the industrial products company’s stock after selling 10,852 shares during the quarter. Stanley Black & Decker accounts for approximately 1.6% of Delta Asset Management LLC TN’s holdings, making the stock its 21st biggest holding. Delta Asset Management LLC TN’s holdings in Stanley Black & Decker were worth $17,785,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWK. NEOS Investment Management LLC lifted its stake in shares of Stanley Black & Decker by 25.6% in the 4th quarter. NEOS Investment Management LLC now owns 6,074 shares of the industrial products company’s stock valued at $488,000 after purchasing an additional 1,238 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Stanley Black & Decker by 37.0% in the fourth quarter. UniSuper Management Pty Ltd now owns 24,602 shares of the industrial products company’s stock worth $1,975,000 after buying an additional 6,641 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its stake in Stanley Black & Decker by 8.2% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 14,789 shares of the industrial products company’s stock worth $1,187,000 after buying an additional 1,120 shares during the period. Korea Investment CORP increased its position in Stanley Black & Decker by 90.8% during the fourth quarter. Korea Investment CORP now owns 136,694 shares of the industrial products company’s stock valued at $10,975,000 after acquiring an additional 65,039 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $55,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.5 %

NYSE:SWK opened at $78.44 on Thursday. The firm has a 50-day simple moving average of $85.31 and a 200-day simple moving average of $90.42. Stanley Black & Decker, Inc. has a one year low of $77.35 and a one year high of $110.88. The firm has a market cap 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. 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) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share 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%. Equities 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 announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.18%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SWK. Mizuho upgraded shares of 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. UBS Group decreased their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Barclays cut their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. 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 on the stock. 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 stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $102.20.

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.