Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 32.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,052 shares of the industrial products company’s stock after selling 1,978 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Stanley Black & Decker were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MML Investors Services LLC lifted its holdings in shares of 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 purchasing an additional 127 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Stanley Black & Decker by 0.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. raised its stake in shares of Stanley Black & Decker by 11.1% during the 4th 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 raised its stake in shares of Stanley Black & Decker by 1.8% during the 3rd 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 in the last quarter. Finally, Global X Japan Co. Ltd. raised its stake in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 172 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group cut 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. Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

SWK opened at $79.40 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The firm has a market capitalization of $12.27 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The stock’s 50 day moving average price is $85.43 and its two-hundred day moving average price is $90.87. 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 announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed 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. This represents a $3.28 annualized dividend and a dividend yield of 4.13%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 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.