Mirae Asset Global Investments Co. Ltd. Sells 6,643 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 19.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,008 shares of the industrial products company’s stock after selling 6,643 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Stanley Black & Decker were worth $2,649,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SWK. Venturi Wealth Management LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $33,000. Achmea Investment Management B.V. bought a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $36,000. ICA Group Wealth Management LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $37,000. Castleview Partners LLC boosted its holdings in shares of Stanley Black & Decker by 343.4% in the 1st quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock valued at $40,000 after buying an additional 388 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $43,000 after buying an additional 231 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Down 0.0 %

Shares of NYSE SWK opened at $89.32 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker, Inc. has a 52 week low of $73.87 and a 52 week high of $104.21. The stock has a market capitalization of $13.74 billion, a P/E ratio of -42.94, a PEG ratio of 2.43 and a beta of 1.34. The stock’s fifty day moving average is $91.45 and its 200 day moving average is $90.57.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter last year, the business earned ($0.10) earnings per share. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is presently -155.77%.

Analysts Set New Price Targets

SWK has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Barclays raised their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Robert W. Baird lowered their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker 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.