Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,294 shares of the industrial products company's stock after selling 42,357 shares during the quarter. Stifel Financial Corp owned 0.48% of Stanley Black & Decker worth $59,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SWK. Capital Research Global Investors increased its position in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after purchasing an additional 3,063,114 shares during the last quarter. Norges Bank acquired a new stake in Stanley Black & Decker in the fourth quarter valued at $117,231,000. Invesco Ltd. lifted its holdings in Stanley Black & Decker by 22.6% during the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after buying an additional 763,219 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after acquiring an additional 575,129 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company's stock valued at $1,540,445,000 after acquiring an additional 495,103 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK traded down $0.25 on Monday, reaching $61.33. The stock had a trading volume of 683,255 shares, compared to its average volume of 1,773,941. The firm has a 50-day moving average of $73.95 and a 200 day moving average of $83.38. The firm has a market capitalization of $9.48 billion, a PE ratio of 31.59, a PEG ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.35%. Stanley Black & Decker's payout ratio is 169.07%.

Analyst Ratings Changes

Several brokerages recently commented on SWK. Jefferies Financial Group initiated coverage on shares of 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 reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Barclays cut their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. One investment 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 presently has an average rating of "Hold" and an average price target of $102.20.

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.