Cannell & Co. Sells 8,228 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cannell & Co. lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 42.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,320 shares of the industrial products company’s stock after selling 8,228 shares during the period. Cannell & Co.’s holdings in Stanley Black & Decker were worth $1,110,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its position in shares of Stanley Black & Decker by 21.3% in the third quarter. Asset Management One Co. Ltd. now owns 73,317 shares of the industrial products company’s stock valued at $6,128,000 after acquiring an additional 12,862 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Stanley Black & Decker by 3.8% in the third quarter. Commonwealth Equity Services LLC now owns 226,398 shares of the industrial products company’s stock valued at $18,922,000 after acquiring an additional 8,376 shares in the last quarter. Xponance Inc. lifted its position in shares of Stanley Black & Decker by 50.1% in the third quarter. Xponance Inc. now owns 43,323 shares of the industrial products company’s stock valued at $3,621,000 after acquiring an additional 14,454 shares in the last quarter. Tectonic Advisors LLC purchased a new position in shares of Stanley Black & Decker in the third quarter valued at about $224,000. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Stanley Black & Decker by 13.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 80,705 shares of the industrial products company’s stock valued at $6,745,000 after acquiring an additional 9,715 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SWK shares. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Wells Fargo & Company decreased their target price 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. Barclays boosted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird decreased their target price 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Trading Up 0.4 %

Shares of NYSE SWK opened at $91.80 on Thursday. The stock has a market capitalization of $14.12 billion, a P/E ratio of -44.13, a PEG ratio of 2.46 and a beta of 1.33. The business’s 50 day moving average is $91.72 and its two-hundred day moving average is $91.28. Stanley Black & Decker, Inc. has a 1-year low of $73.87 and a 1-year high of $104.21. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

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

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.53%. Stanley Black & Decker’s dividend payout ratio is -155.77%.

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.