Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,906 shares of the industrial products company’s stock after selling 14,586 shares during the period. Corient Private Wealth LLC’s holdings in Stanley Black & Decker were worth $1,277,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. State Street Corp boosted its stake in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after buying an additional 549,531 shares during the period. Geode Capital Management LLC increased its holdings in Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Clean Energy Transition LLP raised its position in Stanley Black & Decker by 49.0% in 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 purchasing an additional 652,780 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in Stanley Black & Decker by 7.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock worth $128,054,000 after purchasing an additional 109,100 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Stanley Black & Decker by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company’s stock worth $103,053,000 after buying an additional 122,639 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWK has been the topic of several research reports. UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Citigroup dropped their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Stock Down 1.9 %

Stanley Black & Decker stock opened at $80.44 on Wednesday. The stock’s fifty day moving average is $85.41 and its two-hundred day moving average is $90.51. The stock has a market cap of $12.43 billion, a PE ratio of 41.46, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results 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, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.08%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

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.