ProShare Advisors LLC Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

ProShare Advisors LLC lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,859,749 shares of the industrial products company's stock after selling 221,678 shares during the period. ProShare Advisors LLC owned approximately 1.21% of Stanley Black & Decker worth $149,319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock worth $1,758,000 after acquiring an additional 149 shares during the last quarter. Mather Group LLC. boosted its position in shares of Stanley Black & Decker by 11.1% in the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after purchasing an additional 151 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Stanley Black & Decker by 3.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock worth $406,000 after acquiring an additional 172 shares during the last quarter. Metis Global Partners LLC raised its holdings in Stanley Black & Decker by 3.7% in the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after buying an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its position in Stanley Black & Decker by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock valued at $1,664,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

SWK has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Robert W. Baird upped their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $91.10.

Stanley Black & Decker Trading Up 1.1%

NYSE:SWK traded up $0.79 on Tuesday, hitting $71.41. 1,256,172 shares of the stock were exchanged, compared to its average volume of 2,466,916. The stock has a market capitalization of $11.05 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.33 and a beta of 1.19. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company's 50-day moving average price is $67.19 and its 200 day moving average price is $79.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 4.59%. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.