Farmers & Merchants Investments Inc. Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Farmers & Merchants Investments Inc. trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 69.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,785 shares of the industrial products company's stock after selling 4,000 shares during the period. Farmers & Merchants Investments Inc.'s holdings in Stanley Black & Decker were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Stanley Black & Decker by 38.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,311 shares of the industrial products company's stock valued at $7,789,000 after purchasing an additional 28,154 shares in the last quarter. Rockland Trust Co. grew its position in shares of Stanley Black & Decker by 8.0% during the 1st quarter. Rockland Trust Co. now owns 11,668 shares of the industrial products company's stock valued at $897,000 after purchasing an additional 860 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company's stock worth $1,911,000 after acquiring an additional 174 shares during the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Stanley Black & Decker by 22.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 13,822 shares of the industrial products company's stock worth $1,063,000 after acquiring an additional 2,563 shares during the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $231,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 3.2%

Shares of NYSE:SWK traded down $2.19 during midday trading on Friday, hitting $65.23. 1,730,195 shares of the stock traded hands, compared to its average volume of 1,970,859. The stock has a market capitalization of $10.09 billion, a PE ratio of 33.62, a P/E/G ratio of 1.33 and a beta of 1.18. The business's 50 day moving average is $63.78 and its two-hundred day moving average is $76.24. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SWK shares. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. 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. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. UBS Group dropped their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $91.10.

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.