Nuveen Asset Management LLC Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Nuveen Asset Management LLC reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 428,442 shares of the industrial products company's stock after selling 13,411 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Stanley Black & Decker worth $34,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SWK. Barclays PLC increased its holdings in Stanley Black & Decker by 30.9% during the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock valued at $47,061,000 after buying an additional 100,894 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Stanley Black & Decker in the 4th quarter worth $5,143,000. Merit Financial Group LLC bought a new stake in Stanley Black & Decker during the fourth quarter valued at about $320,000. Arkadios Wealth Advisors increased its position in Stanley Black & Decker by 26.3% in the fourth quarter. Arkadios Wealth Advisors now owns 5,315 shares of the industrial products company's stock worth $427,000 after buying an additional 1,107 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Stanley Black & Decker by 7.3% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock worth $128,054,000 after buying an additional 109,100 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SWK shares. Robert W. Baird upped their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. UBS Group reduced their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Barclays upgraded shares of 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. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Trading Down 1.2%

NYSE:SWK traded down $0.82 during midday trading on Monday, hitting $65.52. 1,917,867 shares of the company traded hands, compared to its average volume of 1,894,398. The firm has a market capitalization of $10.14 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.33 and a beta of 1.19. The firm's fifty day moving average is $66.10 and its 200-day moving average is $78.44. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The business's revenue for the quarter was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.01%. Stanley Black & Decker's payout ratio is 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.