Cannell & Co. Sells 8,228 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cannell & Co. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 42.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,320 shares of the industrial products company's stock after selling 8,228 shares during the quarter. Cannell & Co.'s holdings in Stanley Black & Decker were worth $1,110,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Crestwood Advisors Group LLC grew its stake in Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company's stock worth $2,049,000 after purchasing an additional 117 shares in the last quarter. Kinloch Capital LLC grew its stake in Stanley Black & Decker by 0.4% in the third quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company's stock worth $3,150,000 after purchasing an additional 141 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 160 shares during the period. SevenBridge Financial Group LLC boosted its stake in Stanley Black & Decker by 1.5% in the third quarter. SevenBridge Financial Group LLC now owns 11,312 shares of the industrial products company's stock valued at $945,000 after acquiring an additional 165 shares during the period. Finally, Wahed Invest LLC boosted its stake in Stanley Black & Decker by 7.5% in the third quarter. Wahed Invest LLC now owns 2,381 shares of the industrial products company's stock valued at $199,000 after acquiring an additional 167 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded down $6.91 during trading on Thursday, hitting $84.99. The company had a trading volume of 7,174,595 shares, compared to its average volume of 1,403,049. The company has a market cap of $13.07 billion, a P/E ratio of -40.88, a PEG ratio of 2.46 and a beta of 1.33. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The business's 50-day moving average is $91.72 and its 200 day moving average is $91.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.19. The company had revenue of $3.74 billion for 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 firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 annualized dividend and a dividend yield of 3.81%. Stanley Black & Decker's dividend payout ratio is currently -155.77%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. Robert W. Baird decreased their target price on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. reduced their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a research report on Tuesday, February 6th. Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating for the company in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $98.11.

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.