Citizens Business Bank Lowers Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Citizens Business Bank reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 87.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,995 shares of the industrial products company's stock after selling 33,868 shares during the period. Citizens Business Bank's holdings in Stanley Black & Decker were worth $401,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Americana Partners LLC raised its stake in shares of Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock valued at $9,064,000 after purchasing an additional 72,637 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker in the 4th quarter worth approximately $1,287,000. Franklin Resources Inc. boosted its holdings in Stanley Black & Decker by 12.6% in the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock valued at $18,298,000 after purchasing an additional 18,776 shares during the period. Finally, Cascade Investment Advisors Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter worth $1,076,000. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. UBS Group cut their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $69.00 to $90.00 in a research report on Tuesday. Finally, Robert W. Baird increased their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating 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 issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Trading Up 1.8%

Shares of NYSE:SWK traded up $1.32 during midday trading on Tuesday, hitting $73.85. 2,225,554 shares of the stock traded hands, compared to its average volume of 1,842,162. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $11.43 billion, a PE ratio of 38.07, a P/E/G ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The business's 50 day moving average is $68.53 and its two-hundred day moving average is $80.01.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business's revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 earnings per share. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.44%. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

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.