Comerica Bank Sells 5,568 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Comerica Bank lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,518 shares of the industrial products company's stock after selling 5,568 shares during the quarter. Comerica Bank's holdings in Stanley Black & Decker were worth $3,173,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research analysts have issued reports on SWK shares. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. UBS Group reduced their price objective on shares of 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 target on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird raised their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $92.70.

Stanley Black & Decker Stock Up 1.4 %

SWK traded up $0.86 during midday trading on Friday, hitting $62.71. 2,867,096 shares of the company's stock traded hands, compared to its average volume of 1,817,488. 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 company has a market cap of $9.70 billion, a PE ratio of 32.32, a price-to-earnings-growth 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 stock's fifty day simple moving average is $68.75 and its 200-day simple moving average is $80.53.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the business posted $0.56 earnings per share. The business's quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is 136.10%.

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 Outdoor and Industrial segments.