Wells Fargo & Company MN Cuts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Wells Fargo & Company MN reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,860,747 shares of the industrial products company's stock after selling 10,437 shares during the quarter. Wells Fargo & Company MN owned about 2.52% of Stanley Black & Decker worth $378,739,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. First United Bank & Trust purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth about $25,000. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker in the third quarter worth approximately $33,000. Principal Securities Inc. bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company's stock worth $43,000 after acquiring an additional 231 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the company's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of 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 filing 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 Stock Performance

Shares of SWK stock traded down $1.39 during mid-day trading on Tuesday, reaching $88.17. 851,591 shares of the company's stock traded hands, compared to its average volume of 1,416,532. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The firm has a 50 day moving average price of $91.42 and a two-hundred day moving average price of $92.02. The firm has a market capitalization of $13.57 billion, a PE ratio of -127.78, a price-to-earnings-growth ratio of 2.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) earnings per share. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.07 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio (DPR) is -469.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SWK shares. Wells Fargo & Company decreased their price target 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, May 3rd. Barclays dropped their price target 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. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $97.00.

Stanley Black & Decker Company 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.