NewEdge Advisors LLC Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

NewEdge Advisors LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,190 shares of the industrial products company's stock after selling 4,277 shares during the period. NewEdge Advisors LLC's holdings in Stanley Black & Decker were worth $256,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Stanley Black & Decker by 30.9% during the third quarter. Barclays PLC now owns 427,337 shares of the industrial products company's stock worth $47,061,000 after purchasing an additional 100,894 shares in the last quarter. World Investment Advisors LLC purchased a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $229,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Stanley Black & Decker during the third quarter worth $602,000. Synovus Financial Corp purchased a new stake in shares of Stanley Black & Decker during the third quarter worth approximately $307,000. Finally, Franklin Resources Inc. lifted its position in shares of Stanley Black & Decker by 12.6% during the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after buying an additional 18,776 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $92.70.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded down $1.13 during mid-day trading on Tuesday, hitting $58.96. 908,524 shares of the company were exchanged, compared to its average volume of 1,793,051. 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 capitalization of $9.11 billion, a P/E ratio of 30.39, a PEG ratio of 1.33 and a beta of 1.14. The business's 50 day simple moving average is $70.65 and its two-hundred day simple moving average is $81.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

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, beating analysts' consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 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.