Crestwood Advisors Group LLC Sells 4,974 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Crestwood Advisors Group LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 23.4% in the 4th quarter, Holdings Channel reports. The fund owned 16,291 shares of the industrial products company’s stock after selling 4,974 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Stanley Black & Decker were worth $1,308,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Clean Energy Transition LLP grew its stake in Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares in the last quarter. State Street Corp boosted its holdings in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 14,394.0% in the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after acquiring an additional 390,941 shares during the period. FMR LLC grew its position in shares of Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 8.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.3 %

SWK opened at $86.78 on Tuesday. The business’s fifty day simple moving average is $84.41 and its 200 day simple moving average is $92.76. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market cap of $13.40 billion, a PE ratio of 44.73, a P/E/G ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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%. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.78%. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley reduced their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $103.00.

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 Storage segment, and Industrial segment.