Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by DnB Asset Management AS

DnB Asset Management AS trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 47.2% in the fourth quarter, HoldingsChannel reports. The firm owned 41,218 shares of the industrial products company’s stock after selling 36,778 shares during the period. DnB Asset Management AS’s holdings in Stanley Black & Decker were worth $3,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in SWK. MML Investors Services LLC grew its holdings in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after buying an additional 127 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Stanley Black & Decker by 0.7% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 149 shares in the last quarter. Mather Group LLC. raised its stake in shares of Stanley Black & Decker by 11.1% during the fourth quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 151 shares in the last quarter. RB Capital Management LLC lifted its holdings in Stanley Black & Decker by 1.8% in the third quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company’s stock worth $1,072,000 after purchasing an additional 170 shares during the period. Finally, Global X Japan Co. Ltd. grew its position in Stanley Black & Decker by 3.5% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock valued at $406,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research analyst reports. 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 target for the company. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on 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. Citigroup decreased their target price on 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, Barclays lowered their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Price Performance

NYSE SWK opened at $76.94 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1 year low of $74.31 and a 1 year high of $110.88. The company has a market cap of $11.89 billion, a PE ratio of 39.66, a PEG ratio of 1.33 and a beta of 1.25. The stock’s 50-day moving average price is $84.88 and its two-hundred day moving average price is $89.95.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results 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 net margin of 1.92% and a return on equity of 7.50%. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.26%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

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 Outdoor and Industrial segments.