Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,009 shares of the industrial products company's stock after selling 13,480 shares during the quarter. New South Capital Management Inc. owned 0.13% of Stanley Black & Decker worth $15,530,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its position 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 valued at $25,000 after purchasing an additional 296 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Stanley Black & Decker during the first quarter worth approximately $31,000. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. lifted its stake in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after acquiring an additional 199 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Stanley Black & Decker in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised 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. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. UBS Group dropped their price objective 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. Finally, Robert W. Baird upped their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $92.10.

Stanley Black & Decker Trading Up 1.6%

Shares of SWK stock traded up $1.13 during mid-day trading on Wednesday, reaching $71.54. The company's stock had a trading volume of 2,236,624 shares, compared to its average volume of 2,004,526. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The firm has a market capitalization of $11.07 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 1.76 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. The company's 50 day simple moving average is $65.55 and its 200-day simple moving average is $74.60.

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

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.82 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.58%. Stanley Black & Decker's dividend payout ratio is presently 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.