Eagle Ridge Investment Management Sells 940 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Eagle Ridge Investment Management trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,030 shares of the industrial products company’s stock after selling 940 shares during the period. Eagle Ridge Investment Management’s holdings in Stanley Black & Decker were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SWK. Venturi Wealth Management LLC bought a new stake in shares of Stanley Black & Decker in the third quarter valued at about $33,000. EverSource Wealth Advisors LLC raised its holdings in Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 231 shares in the last quarter. Headlands Technologies LLC bought a new stake in Stanley Black & Decker during the third quarter worth about $44,000. ING Groep NV bought a new stake in Stanley Black & Decker during the third quarter worth about $45,000. Finally, Parkside Financial Bank & Trust raised its holdings in Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 160 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded up $0.70 on Monday, hitting $90.41. The stock had a trading volume of 615,839 shares, compared to its average volume of 1,292,044. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21. The business’s 50 day moving average is $91.54 and its two-hundred day moving average is $91.15. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock has a market cap of $13.91 billion, a price-to-earnings ratio of -43.13, a price-to-earnings-growth ratio of 2.42 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.58%. Stanley Black & Decker’s payout ratio is -155.77%.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. Barclays upped their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Robert W. Baird lowered their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.