Cresset Asset Management LLC Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Cresset Asset Management LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,837 shares of the industrial products company's stock after selling 30,084 shares during the quarter. Cresset Asset Management LLC's holdings in Stanley Black & Decker were worth $4,403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock worth $1,758,000 after acquiring an additional 149 shares during the last quarter. Mather Group LLC. lifted its holdings in Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after acquiring an additional 151 shares during the period. Global X Japan Co. Ltd. grew its stake in Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after purchasing an additional 172 shares during the period. Metis Global Partners LLC increased its position in shares of Stanley Black & Decker by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock valued at $410,000 after purchasing an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock worth $1,664,000 after buying an additional 181 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Citigroup reduced their target price on shares of 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. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company cut 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. Finally, Barclays lowered their target price 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. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $92.70.

Stanley Black & Decker Trading Up 15.9%

SWK stock traded up $9.95 during mid-day trading on Monday, reaching $72.62. 7,055,276 shares of the stock traded hands, compared to its average volume of 1,840,332. 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 business has a 50-day moving average price of $68.75 and a two-hundred day moving average price of $80.21. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The stock has a market capitalization of $11.23 billion, a PE ratio of 37.43, a PEG ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating 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 business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The company's quarterly revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors 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 4.52%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker's payout ratio 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.