Massachusetts Financial Services Co. MA Sells 40,589 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,934,028 shares of the industrial products company's stock after selling 40,589 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.91% of Stanley Black & Decker worth $287,828,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SWK. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company's stock valued at $191,593,000 after purchasing an additional 277,507 shares in the last quarter. Federated Hermes Inc. increased its holdings in Stanley Black & Decker by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company's stock worth $161,662,000 after buying an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Stanley Black & Decker by 1.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company's stock worth $127,697,000 after acquiring an additional 20,792 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company's stock valued at $124,996,000 after purchasing an additional 66,536 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Stanley Black & Decker by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,397,348 shares of the industrial products company's stock valued at $137,094,000 after purchasing an additional 16,983 shares during the period. Institutional investors own 87.77% of the company's stock.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the company's stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK traded up $1.61 during trading hours on Tuesday, hitting $91.81. 1,291,698 shares of the company were exchanged, compared to its average volume of 1,431,543. The company has a market cap of $14.13 billion, a price-to-earnings ratio of -133.11, a P/E/G ratio of 2.45 and a beta of 1.33. The firm's fifty day moving average is $91.51 and its 200 day moving average is $91.81. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same period in the previous year, the company earned ($0.41) EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.07 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. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 annualized dividend and a dividend yield of 3.53%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -469.56%.

Analysts Set New Price Targets

SWK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut 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 decreased their price objective on shares of Stanley Black & Decker from $107.00 to $100.00 and set an "overweight" rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating for the company in a report on Friday, May 3rd. Finally, Robert W. Baird lowered their target price on Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $97.00.

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.