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Goldman Sachs Group Inc. Lowers Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Stanley Black & Decker logo with Industrial Products background

Goldman Sachs Group Inc. lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,678,340 shares of the industrial products company's stock after selling 67,619 shares during the period. Goldman Sachs Group Inc. owned approximately 1.09% of Stanley Black & Decker worth $164,645,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SWK. M&T Bank Corp raised its position in Stanley Black & Decker by 0.3% in the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company's stock valued at $3,705,000 after buying an additional 113 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of 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. Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 140 shares in the last quarter. Kinloch Capital LLC increased its stake in Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company's stock valued at $3,150,000 after buying an additional 141 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company's stock worth $46,000 after buying an additional 160 shares in the last quarter. Institutional investors own 87.77% of the company's stock.


Wall Street Analyst Weigh In

SWK has been the topic of several recent analyst reports. Barclays lowered Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company cut their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $95.44.

Get Our Latest Analysis on Stanley Black & Decker

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded down $2.34 during trading hours on Friday, hitting $83.55. The company had a trading volume of 855,873 shares, compared to its average volume of 1,245,977. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The firm has a market cap of $12.86 billion, a PE ratio of -121.09, a PEG ratio of 2.27 and a beta of 1.29. The firm has a 50-day moving average of $88.21 and a 200 day moving average of $91.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.41) EPS. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, June 4th. This represents a $3.24 annualized dividend and a dividend yield of 3.88%. Stanley Black & Decker's dividend payout ratio is presently -469.56%.

Insider Activity

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 owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Profile

(Free Report)

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.

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