Dakota Wealth Management Lowers Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Dakota Wealth Management trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 32.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,889 shares of the industrial products company's stock after selling 12,803 shares during the quarter. Dakota Wealth Management's holdings in Stanley Black & Decker were worth $2,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Panagora Asset Management Inc. lifted its position in shares of Stanley Black & Decker by 3.5% during the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company's stock worth $397,000 after buying an additional 96 shares in the last quarter. Kinneret Advisory LLC increased its position in shares of Stanley Black & Decker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company's stock valued at $610,000 after acquiring an additional 98 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Stanley Black & Decker by 15.4% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company's stock worth $106,000 after acquiring an additional 102 shares during the period. Cetera Investment Advisers boosted its position in Stanley Black & Decker by 4.5% in the first quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company's stock worth $365,000 after purchasing an additional 112 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in Stanley Black & Decker by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company's stock valued at $2,049,000 after purchasing an additional 117 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded down $0.85 on Wednesday, hitting $89.33. 1,306,381 shares of the company traded hands, compared to its average volume of 1,290,251. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21. The firm's 50-day simple moving average is $91.46 and its 200 day simple moving average is $90.59. The company has a market cap of $13.74 billion, a P/E ratio of -43.36, a P/E/G ratio of 2.45 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.19. The firm had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.10) EPS. Analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker's dividend payout ratio (DPR) is presently -155.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SWK shares. Barclays boosted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, February 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $99.44.

Stanley Black & Decker Profile

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.