Stanley Black & Decker, Inc. (NYSE:SWK) Position Cut by Harbour Investments Inc.

Harbour Investments Inc. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,693 shares of the industrial products company’s stock after selling 437 shares during the quarter. Harbour Investments Inc.’s holdings in Stanley Black & Decker were worth $377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MML Investors Services LLC raised its position in Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after buying an additional 127 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Stanley Black & Decker by 0.7% in the 4th 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 purchasing an additional 149 shares during the period. Mather Group LLC. lifted its position in shares of Stanley Black & Decker by 11.1% in the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 151 shares in the last quarter. RB Capital Management LLC boosted its holdings in shares of Stanley Black & Decker by 1.8% during the third quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 170 shares during the period. Finally, Global X Japan Co. Ltd. grew its position in Stanley Black & Decker by 3.5% during 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 purchasing an additional 172 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SWK shares. Barclays decreased their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Price Performance

NYSE SWK opened at $80.54 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a fifty day simple moving average of $85.44 and a 200 day simple moving average of $91.03. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.45 billion, a P/E ratio of 41.51, a P/E/G ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.07%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

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.