Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,441 shares of the industrial products company’s stock after selling 1,206 shares during the period. Atria Wealth Solutions Inc.’s holdings in Stanley Black & Decker were worth $1,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clean Energy Transition LLP raised its holdings in shares of Stanley Black & Decker by 13.8% during the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after acquiring an additional 277,507 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Stanley Black & Decker by 1.4% in the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after buying an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Stanley Black & Decker by 1.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock worth $127,697,000 after buying an additional 20,792 shares in the last quarter. Northern Trust Corp boosted its position in Stanley Black & Decker by 4.7% during the third quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after acquiring an additional 66,536 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Stanley Black & Decker by 6.3% during the 3rd quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after acquiring an additional 57,121 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 7.5 %

NYSE:SWK opened at $84.99 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average price of $91.64 and a 200 day moving average price of $91.23.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a yield of 3.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analyst Ratings Changes

SWK has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, Barclays raised their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.