Sequoia Financial Advisors LLC lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 26.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,044 shares of the industrial products company's stock after selling 4,798 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Stanley Black & Decker were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of the business. Capital Research Global Investors grew its stake in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after acquiring an additional 3,063,114 shares during the period. Norges Bank bought a new stake in Stanley Black & Decker in the 4th quarter worth approximately $117,231,000. Invesco Ltd. raised its stake in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after buying an additional 679,359 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after buying an additional 575,129 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.
Stanley Black & Decker Stock Performance
SWK traded down $0.14 on Thursday, reaching $71.43. The stock had a trading volume of 1,088,396 shares, compared to its average volume of 2,003,321. The business's 50-day moving average price is $65.79 and its two-hundred day moving average price is $74.58. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The company has a market cap of $11.05 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.35 and a beta of 1.18.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping 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 net margin of 2.40% and a return on equity of 7.85%. The company's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.
Stanley Black & Decker Dividend Announcement
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 dividend yield of 4.59%. Stanley Black & Decker's dividend payout ratio is presently 136.10%.
Analysts Set New Price Targets
A number of analysts recently commented on SWK shares. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research report on Tuesday. Robert W. Baird increased their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. UBS Group decreased their price objective 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $92.10.
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Stanley Black & Decker Company Profile
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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.
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