Stanley Black & Decker, Inc. (NYSE:SWK) Position Lessened by Trust Co. of Vermont

Trust Co. of Vermont lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,334 shares of the industrial products company’s stock after selling 230 shares during the quarter. Trust Co. of Vermont’s holdings in Stanley Black & Decker were worth $268,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SWK. Rise Advisors LLC increased its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker in the third quarter worth $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker during the third quarter worth $72,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Robert W. Baird reduced their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. Finally, Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $84.34 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The company has a market cap of $13.00 billion, a PE ratio of -61.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The firm has a fifty day moving average price of $84.14 and a two-hundred day moving average price of $93.27. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were given a $0.82 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.89%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Stanley Black & Decker 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 Storage segment, and Industrial segment.