Stanley Black & Decker, Inc. (NYSE:SWK) Stake Reduced by Swiss National Bank

Swiss National Bank lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,135 shares of the industrial products company's stock after selling 13,500 shares during the quarter. Swiss National Bank owned approximately 0.31% of Stanley Black & Decker worth $47,003,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $2,593,000. Charles Schwab Investment Management Inc. boosted its stake in Stanley Black & Decker by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company's stock valued at $79,370,000 after buying an additional 13,540 shares during the last quarter. Vest Financial LLC boosted its stake in Stanley Black & Decker by 44.0% during the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company's stock valued at $33,219,000 after buying an additional 103,403 shares during the last quarter. Neo Ivy Capital Management bought a new position in Stanley Black & Decker during the third quarter valued at approximately $1,605,000. Finally, Manchester Financial Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $2,067,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

SWK has been the subject of a number of research reports. Robert W. Baird dropped their price target 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. dropped their price target on Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating for the company in a research note on Tuesday, February 6th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Barclays lowered their price objective on Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating for the company in a research note on Friday. Two investment 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. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of "Hold" and a consensus target price of $97.00.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the firm's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Stanley Black & Decker Trading Up 0.3 %

Shares of SWK stock traded up $0.28 on Tuesday, reaching $87.29. 1,491,030 shares of the company's stock were exchanged, compared to its average volume of 1,439,400. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $13.43 billion, a PE ratio of -126.51, a P/E/G ratio of 2.31 and a beta of 1.33. The company's fifty day simple moving average is $91.55 and its 200 day simple moving average is $91.52.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the company earned ($0.41) EPS. Stanley Black & Decker's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 annualized dividend and a yield of 3.71%. Stanley Black & Decker's payout ratio is currently -469.56%.

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.