Cooke & Bieler LP Sells 47,120 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cooke & Bieler LP cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,415,903 shares of the industrial products company's stock after selling 47,120 shares during the quarter. Cooke & Bieler LP owned approximately 0.92% of Stanley Black & Decker worth $108,855,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SWK. Golden State Wealth Management LLC grew its holdings in Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after buying an additional 296 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker in the 1st quarter worth approximately $31,000. TD Private Client Wealth LLC grew its holdings in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after buying an additional 382 shares in the last quarter. Millstone Evans Group LLC bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $40,000. Finally, CX Institutional bought a new position in Stanley Black & Decker in the 1st quarter worth approximately $43,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent analyst reports. Robert W. Baird increased their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. Wells Fargo & Company upped their target price on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded Stanley Black & Decker from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, UBS Group cut 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, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $92.10.

Stanley Black & Decker Stock Down 1.0%

Shares of SWK traded down $0.70 during mid-day trading on Friday, reaching $70.12. The company's stock had a trading volume of 1,970,628 shares, compared to its average volume of 2,030,108. 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 1 year low of $53.91 and a 1 year high of $110.88. The business has a fifty day moving average of $68.16 and a 200 day moving average of $73.85. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period last year, the company earned $0.56 earnings per share. Stanley Black & Decker's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is currently 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.