Wealthfront Advisers LLC Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Wealthfront Advisers LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 46.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,184 shares of the industrial products company's stock after selling 8,689 shares during the period. Wealthfront Advisers LLC's holdings in Stanley Black & Decker were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Capital Research Global Investors raised its position in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Norges Bank acquired a new position in shares of Stanley Black & Decker during the 4th quarter valued at $117,231,000. Invesco Ltd. increased 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 worth $332,336,000 after buying an additional 763,219 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Stanley Black & Decker by 44.2% in 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 purchasing an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Stanley Black & Decker by 7,765.7% in the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after buying an additional 575,129 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. cut 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. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Robert W. Baird raised their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, UBS Group cut their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $93.40.

Stanley Black & Decker Price Performance

Shares of SWK traded up $3.33 during midday trading on Tuesday, reaching $72.90. The stock had a trading volume of 1,996,226 shares, compared to its average volume of 2,441,470. The company's 50-day moving average is $68.31 and its 200 day moving average is $73.69. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. 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 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 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 during the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the business 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 predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's payout ratio is 136.10%.

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.