Pacer Advisors Inc. Sells 62,909 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Pacer Advisors Inc. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 84.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,602 shares of the industrial products company's stock after selling 62,909 shares during the quarter. Pacer Advisors Inc.'s holdings in Stanley Black & Decker were worth $1,138,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $33,000. Achmea Investment Management B.V. bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $36,000. ICA Group Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $37,000. Castleview Partners LLC increased its holdings in shares of Stanley Black & Decker by 343.4% during the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 231 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Friday, February 2nd. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 6th. Finally, Barclays lifted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $97.80.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded down $0.98 during trading on Tuesday, reaching $94.48. 1,516,146 shares of the stock traded hands, compared to its average volume of 1,322,249. Stanley Black & Decker, Inc. has a 52-week low of $73.27 and a 52-week high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The company has a 50-day moving average of $91.26 and a 200-day moving average of $89.89. The stock has a market capitalization of $14.53 billion, a P/E ratio of -45.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.84 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post 4.06 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker's dividend payout ratio is presently -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.