Fort Washington Investment Advisors Inc. OH Sells 101,642 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Fort Washington Investment Advisors Inc. OH lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,493,253 shares of the industrial products company's stock after selling 101,642 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.97% of Stanley Black & Decker worth $114,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. increased its holdings in shares of Stanley Black & Decker by 18.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,040 shares of the industrial products company's stock worth $485,000 after acquiring an additional 926 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Stanley Black & Decker by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,488 shares of the industrial products company's stock worth $31,111,000 after acquiring an additional 1,511 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Stanley Black & Decker by 245.5% in the fourth quarter. Apollon Wealth Management LLC now owns 7,559 shares of the industrial products company's stock worth $607,000 after acquiring an additional 5,371 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Stanley Black & Decker by 16.9% in the fourth quarter. Empowered Funds LLC now owns 4,292 shares of the industrial products company's stock worth $345,000 after acquiring an additional 621 shares in the last quarter. Finally, Entropy Technologies LP increased its holdings in shares of Stanley Black & Decker by 8.2% in the fourth quarter. Entropy Technologies LP now owns 6,111 shares of the industrial products company's stock worth $491,000 after acquiring an additional 462 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SWK shares. Robert W. Baird increased their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. UBS Group reduced their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Stock Down 1.1%

NYSE SWK traded down $0.78 during trading hours on Thursday, hitting $67.35. 2,087,490 shares of the company traded hands, compared to its average volume of 1,965,671. The business's 50-day moving average is $63.43 and its 200-day moving average is $76.67. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 1.33 and a beta of 1.18.

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

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.87%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 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.