M&T Bank Corp Reduces Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

M&T Bank Corp cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,919 shares of the industrial products company's stock after selling 4,889 shares during the quarter. M&T Bank Corp's holdings in Stanley Black & Decker were worth $1,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Stanley Black & Decker by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,413,913 shares of the industrial products company's stock valued at $1,478,454,000 after acquiring an additional 246,800 shares during the period. Capital Research Global Investors increased its holdings in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after acquiring an additional 3,063,114 shares during the period. Invesco Ltd. increased its holdings in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after acquiring an additional 763,219 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Stanley Black & Decker by 0.5% in the 4th quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company's stock valued at $312,732,000 after acquiring an additional 18,778 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

NYSE SWK traded down $0.96 during trading hours on Friday, reaching $72.89. The company's stock had a trading volume of 1,722,793 shares, compared to its average volume of 2,029,765. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.40 and a beta of 1.18. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36. The company's 50-day moving average is $67.33 and its two-hundred day moving average is $74.08.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.85% and a net margin of 2.40%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the business earned $0.56 EPS. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.50%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SWK shares. Robert W. Baird boosted their target price 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. 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 research note on Tuesday, May 13th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $92.10.

About Stanley Black & Decker

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.