Quadrant Capital Group LLC Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Quadrant Capital Group LLC reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.9% during the 4th quarter, Holdings Channel reports. The firm owned 516 shares of the industrial products company’s stock after selling 220 shares during the quarter. Quadrant Capital Group LLC’s holdings in Stanley Black & Decker were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in Stanley Black & Decker in the 4th quarter worth $117,231,000. Vanguard Group Inc. increased its stake in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock worth $1,540,445,000 after purchasing an additional 495,103 shares in the last quarter. Amundi raised its position in shares of Stanley Black & Decker by 124.7% during the 4th quarter. Amundi now owns 807,859 shares of the industrial products company’s stock worth $65,889,000 after purchasing an additional 448,411 shares during the last quarter. National Pension Service lifted its stake in Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock valued at $23,315,000 after buying an additional 240,752 shares in the last quarter. Finally, KBC Group NV increased its stake in Stanley Black & Decker by 886.5% during the 4th quarter. KBC Group NV now owns 224,818 shares of the industrial products company’s stock worth $18,050,000 after buying an additional 202,028 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SWK shares. Citigroup lowered their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays cut their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $59.01 on Friday. The company’s 50-day moving average is $79.49 and its two-hundred day moving average is $86.97. Stanley Black & Decker, Inc. has a 1-year low of $53.91 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. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 1.33 and a beta of 1.14.

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

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

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 Outdoor and Industrial segments.