Bank of America Corp DE trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,518 shares of the industrial products company's stock after selling 310,418 shares during the quarter. Bank of America Corp DE owned 0.48% of Stanley Black & Decker worth $59,055,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of SWK. Cape Investment Advisory Inc. grew its stake in 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 valued at $37,000 after purchasing an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. grew its stake in 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 valued at $42,000 after purchasing an additional 199 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $44,000. Finally, Crews Bank & Trust acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $49,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
Stanley Black & Decker Stock Performance
Shares of NYSE SWK traded up $0.72 during trading hours on Friday, hitting $71.42. 2,275,722 shares of the company's stock were exchanged, compared to its average volume of 1,861,613. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 1.33 and a beta of 1.19. The company's 50-day moving average price is $67.40 and its 200-day moving average price is $79.53.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.
Stanley Black & Decker Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SWK shares. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a research report on Tuesday. UBS Group decreased their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday. Citigroup decreased their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their target price on 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $91.10.
Check Out Our Latest Analysis on SWK
Stanley Black & Decker Profile
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Free Report)
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.
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