MONECO Advisors LLC Sells 4,065 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

MONECO Advisors LLC decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 55.1% during the fourth quarter, HoldingsChannel reports. The firm owned 3,310 shares of the industrial products company’s stock after selling 4,065 shares during the quarter. MONECO Advisors LLC’s holdings in Stanley Black & Decker were worth $266,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Crews Bank & Trust bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $49,000. Sunbelt Securities Inc. raised its position in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 513 shares during the period. Finally, R Squared Ltd bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $54,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.0 %

SWK opened at $87.71 on Wednesday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week 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. The firm’s fifty day moving average price is $84.52 and its two-hundred day moving average price is $92.71. The company has a market capitalization of $13.54 billion, a P/E ratio of 45.21, a P/E/G ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

SWK has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Mizuho upgraded shares of 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. UBS Group lowered their price objective on shares of 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. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.