Bessemer Group Inc. Has $1.09 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Bessemer Group Inc. cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 59.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,211 shares of the industrial products company's stock after selling 21,242 shares during the period. Bessemer Group Inc.'s holdings in Stanley Black & Decker were worth $1,092,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new stake in Stanley Black & Decker in the first quarter valued at $31,000. Cape Investment Advisory Inc. lifted its position in Stanley Black & Decker by 107.2% in 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 during the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. grew its position in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

SWK has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on 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 upped their price objective on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday. Robert W. Baird raised their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Finally, UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus price target of $92.10.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded up $1.13 during mid-day trading on Wednesday, hitting $71.54. The company's stock had a trading volume of 2,236,624 shares, compared to its average volume of 2,006,980. The stock's fifty day moving average price is $65.55 and its two-hundred day moving average price is $74.60. The stock has a market capitalization of $11.07 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.35 and a beta of 1.18. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued 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. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker's revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. 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 was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.58%. Stanley Black & Decker's dividend 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.