Crescent Sterling Ltd. Has $1.82 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Crescent Sterling Ltd. lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,650 shares of the industrial products company’s stock after selling 977 shares during the quarter. Stanley Black & Decker makes up 1.9% of Crescent Sterling Ltd.’s holdings, making the stock its 18th biggest position. Crescent Sterling Ltd.’s holdings in Stanley Black & Decker were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. City Center Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth $303,000. Czech National Bank increased its holdings in shares of Stanley Black & Decker by 6.6% during the fourth quarter. Czech National Bank now owns 33,426 shares of the industrial products company’s stock worth $2,684,000 after purchasing an additional 2,063 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $1,386,000. ORG Wealth Partners LLC boosted its stake in shares of Stanley Black & Decker by 108.7% in the fourth quarter. ORG Wealth Partners LLC now owns 4,726 shares of the industrial products company’s stock valued at $379,000 after buying an additional 2,462 shares during the period. Finally, Ridgewood Investments LLC bought a new position in Stanley Black & Decker during the 4th quarter worth $36,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 1.9 %

Shares of NYSE SWK opened at $80.04 on Monday. The company has a 50 day simple moving average of $85.15 and a 200 day simple moving average of $93.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The firm has a market cap of $12.34 billion, a PE ratio of -58.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.10%. Stanley Black & Decker’s payout ratio is -239.42%.

Analysts Set New Price Targets

SWK has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays reduced 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. Finally, Robert W. Baird dropped their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.25.

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.