Stanley Black & Decker, Inc. (NYSE:SWK) Position Lessened by Ariel Investments LLC

Ariel Investments LLC cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 439,219 shares of the industrial products company's stock after selling 87,924 shares during the period. Ariel Investments LLC owned approximately 0.28% of Stanley Black & Decker worth $35,265,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SWK. Wahed Invest LLC increased its stake in shares of Stanley Black & Decker by 6.5% in the fourth quarter. Wahed Invest LLC now owns 3,974 shares of the industrial products company's stock valued at $319,000 after buying an additional 243 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Stanley Black & Decker by 13.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,298 shares of the industrial products company's stock valued at $586,000 after buying an additional 871 shares during the last quarter. Gallo Partners LP acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $1,006,000. Schonfeld Strategic Advisors LLC grew its holdings in Stanley Black & Decker by 1,267.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 55,516 shares of the industrial products company's stock valued at $4,457,000 after buying an additional 51,456 shares in the last quarter. Finally, Paloma Partners Management Co boosted its stake in shares of Stanley Black & Decker by 9,623.4% in the fourth quarter. Paloma Partners Management Co now owns 228,500 shares of the industrial products company's stock valued at $18,346,000 after buying an additional 226,150 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 1.7 %

Shares of Stanley Black & Decker stock traded down $1.04 on Tuesday, reaching $59.05. The company had a trading volume of 2,092,828 shares, compared to its average volume of 1,793,761. 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 firm has a market cap of $9.14 billion, a PE ratio of 30.44, a PEG ratio of 1.33 and a beta of 1.19. The firm's 50 day moving average price is $70.65 and its two-hundred day moving average price is $81.43. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm earned $0.56 EPS. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SWK shares. UBS Group cut their price objective on shares of 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. Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Citigroup dropped their price target on 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 initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. Finally, Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $92.70.

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 Outdoor and Industrial segments.