Sigma Planning Corp Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sigma Planning Corp lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 59.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 6,405 shares of the industrial products company's stock after selling 9,267 shares during the period. Sigma Planning Corp's holdings in Stanley Black & Decker were worth $492,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. CWM LLC boosted its holdings in Stanley Black & Decker by 1.7% during the 1st quarter. CWM LLC now owns 22,499 shares of the industrial products company's stock worth $1,730,000 after acquiring an additional 368 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Stanley Black & Decker by 3.3% during the 1st quarter. New York State Common Retirement Fund now owns 93,163 shares of the industrial products company's stock worth $7,162,000 after acquiring an additional 3,000 shares during the last quarter. Xponance Inc. boosted its holdings in Stanley Black & Decker by 2.6% during the 1st quarter. Xponance Inc. now owns 22,514 shares of the industrial products company's stock worth $1,731,000 after acquiring an additional 566 shares during the last quarter. Cerity Partners LLC boosted its holdings in Stanley Black & Decker by 85.9% during the 1st quarter. Cerity Partners LLC now owns 36,800 shares of the industrial products company's stock worth $2,829,000 after acquiring an additional 17,008 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in Stanley Black & Decker during the 1st quarter worth $73,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded up $1.34 during midday trading on Wednesday, reaching $74.14. 1,986,199 shares of the company traded hands, compared to its average volume of 2,039,701. The company has a quick ratio of 0.36, a current ratio of 1.10 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 firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 30.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.18. The firm's fifty day moving average price is $68.28 and its two-hundred day moving average price is $73.61.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $3.73 billion. During the same period in the previous year, the company posted $0.56 EPS. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

Analysts Set New Price Targets

A number of brokerages recently commented on SWK. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays upgraded 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 report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on 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. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $93.40.

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.