Mackenzie Financial Corp Has $1.17 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Mackenzie Financial Corp lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,953 shares of the industrial products company’s stock after selling 980 shares during the period. Mackenzie Financial Corp’s holdings in Stanley Black & Decker were worth $1,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Foresight Capital Management Advisors Inc. bought a new position in shares of Stanley Black & Decker in the 4th quarter valued at $2,593,000. Charles Schwab Investment Management Inc. increased its stake in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares during the last quarter. Vest Financial LLC grew its position in Stanley Black & Decker by 44.0% during the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after acquiring an additional 103,403 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Stanley Black & Decker during the 3rd quarter worth $1,605,000. Finally, Manchester Financial Inc. bought a new stake in Stanley Black & Decker during the 4th quarter worth $2,067,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.5 %

Shares of NYSE:SWK opened at $90.27 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The business’s 50-day moving average is $91.53 and its 200-day moving average is $90.97. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) EPS. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SWK. Barclays boosted their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Robert W. Baird reduced 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, April 18th. JPMorgan Chase & Co. cut their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Wells Fargo & Company cut their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Company 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.