Public Employees Retirement Association of Colorado lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,730 shares of the industrial products company’s stock after selling 5,811 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Stanley Black & Decker were worth $1,557,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new position in Stanley Black & Decker during the 1st quarter valued at approximately $36,000. General Partner Inc. bought a new position in Stanley Black & Decker during the 4th quarter valued at approximately $25,000. Hanson & Doremus Investment Management bought a new position in Stanley Black & Decker during the 4th quarter valued at approximately $30,000. 1832 Asset Management L.P. bought a new position in Stanley Black & Decker during the 1st quarter valued at approximately $69,000. Finally, Sargent Bickham Lagudis LLC increased its position in Stanley Black & Decker by 75.3% during the 4th quarter. Sargent Bickham Lagudis LLC now owns 512 shares of the industrial products company’s stock valued at $38,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on SWK shares. StockNews.com initiated coverage on Stanley Black & Decker in a research report on Thursday, May 18th. They set a “sell” rating for the company. UBS Group reduced their target price on Stanley Black & Decker from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Stanley Black & Decker from $99.00 to $83.00 and set a “hold” rating for the company in a report on Wednesday, April 12th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $105.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, April 13th. Finally, Morgan Stanley reduced their target price on Stanley Black & Decker from $97.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $95.33.
Stanley Black & Decker Price Performance
Stanley Black & Decker (NYSE:SWK – Get Rating) last released its earnings results on Thursday, May 4th. The industrial products company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.32. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4.01 billion. Stanley Black & Decker had a return on equity of 3.45% and a net margin of 4.22%. Stanley Black & Decker’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.10 earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 0.89 earnings per share for the current year.
Stanley Black & Decker Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Monday, June 5th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $3.20 annualized dividend and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 71.59%.
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.
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