Frontier Capital Management Co. LLC Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Frontier Capital Management Co. LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322,629 shares of the industrial products company's stock after selling 14,097 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.21% of Stanley Black & Decker worth $25,904,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

SWK has been the topic of a number of research reports. Robert W. Baird raised their price target 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. JPMorgan Chase & Co. dropped their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 price target on the stock. Citigroup dropped their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company dropped their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has an average rating of "Hold" and a consensus target price of $92.70.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock traded up $0.86 during mid-day trading on Friday, reaching $62.71. 2,867,096 shares of the company were exchanged, compared to its average volume of 1,819,388. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The firm's 50-day simple moving average is $68.75 and its two-hundred day simple moving average is $80.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm has a market cap of $9.70 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 5.23%. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

About Stanley Black & Decker

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.