ProShare Advisors LLC Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

ProShare Advisors LLC cut its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,859,749 shares of the industrial products company’s stock after selling 221,678 shares during the period. ProShare Advisors LLC’s holdings in Stanley Black & Decker were worth $149,319,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Americana Partners LLC increased its position in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after purchasing an additional 72,637 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at $1,287,000. Cascade Investment Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at $1,076,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of Stanley Black & Decker by 7.3% in 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 buying an additional 109,100 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Stanley Black & Decker by 30.9% in the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock valued at $47,061,000 after buying an additional 100,894 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 2.8%

Shares of SWK stock opened at $71.76 on Thursday. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. 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, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm’s 50 day moving average price is $67.95 and its two-hundred day moving average price is $79.91.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the company posted $0.56 earnings per share. Stanley Black & Decker’s revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.57%. Stanley Black & Decker’s payout ratio is currently 136.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group cut their price target on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $91.10.

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 Outdoor and Industrial segments.