Delta Asset Management LLC TN Sells 10,852 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Delta Asset Management LLC TN lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,506 shares of the industrial products company’s stock after selling 10,852 shares during the quarter. Stanley Black & Decker comprises 1.6% of Delta Asset Management LLC TN’s portfolio, making the stock its 21st largest position. Delta Asset Management LLC TN owned approximately 0.14% of Stanley Black & Decker worth $17,785,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clean Energy Transition LLP increased its holdings in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after acquiring an additional 652,780 shares in the last quarter. State Street Corp increased its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. Vanguard Group Inc. raised its holdings in Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock worth $1,540,445,000 after buying an additional 495,103 shares during the last quarter. Amundi lifted its stake in shares of Stanley Black & Decker by 124.7% in the fourth quarter. Amundi now owns 807,859 shares of the industrial products company’s stock worth $65,889,000 after buying an additional 448,411 shares in the last quarter. Finally, FMR LLC increased its position in shares of Stanley Black & Decker by 40.8% during the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after acquiring an additional 267,723 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the topic of several recent analyst reports. Barclays cut their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup lowered their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Thursday, December 19th. Finally, Wells Fargo & Company cut their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Stock Down 2.5 %

NYSE SWK opened at $78.44 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $77.35 and a 12 month high of $110.88. 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 stock has a market cap of $12.12 billion, a PE ratio of 40.43, a P/E/G ratio of 1.33 and a beta of 1.25. The stock’s 50 day moving average is $85.31 and its 200 day moving average is $90.42.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.18%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Stanley Black & Decker Company 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.