Bank of Montreal Can Decreases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of Montreal Can decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 186,400 shares of the industrial products company’s stock after selling 111,866 shares during the quarter. Bank of Montreal Can owned 0.12% of Stanley Black & Decker worth $14,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after purchasing an additional 495,103 shares during the period. Wells Fargo & Company MN increased its holdings in Stanley Black & Decker by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 3,895,026 shares of the industrial products company’s stock valued at $312,732,000 after buying an additional 18,778 shares during the last quarter. Geode Capital Management LLC raised its position in Stanley Black & Decker by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,755,653 shares of the industrial products company’s stock worth $300,756,000 after acquiring an additional 175,801 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Stanley Black & Decker by 4.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,098,469 shares of the industrial products company’s stock worth $248,776,000 after acquiring an additional 129,614 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after acquiring an additional 109,100 shares during the period. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SWK. UBS Group lowered their target price 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. Wells Fargo & Company decreased their target price 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. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. Citigroup decreased 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. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Up 0.6 %

Shares of SWK stock opened at $59.01 on Friday. The company’s fifty day simple moving average is $79.49 and its two-hundred day simple moving average is $86.97. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The stock has a market cap of $9.12 billion, a P/E ratio of 30.42, a PEG ratio of 1.33 and a beta of 1.14. 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) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date was Tuesday, March 4th. 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.