Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,580 shares of the industrial products company’s stock after selling 1,743 shares during the period. Xponance Inc.’s holdings in Stanley Black & Decker were worth $4,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Stanley Black & Decker by 17.5% in the 1st quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after acquiring an additional 2,774,661 shares during the last quarter. State Street Corp increased its holdings in shares of Stanley Black & Decker by 8.0% in the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock valued at $949,648,000 after purchasing an additional 874,617 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Stanley Black & Decker by 113,894.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock valued at $360,943,000 after buying an additional 4,800,671 shares in the last quarter. Morgan Stanley increased its stake in shares of Stanley Black & Decker by 7.6% in the 4th quarter. Morgan Stanley now owns 3,385,536 shares of the industrial products company’s stock worth $254,322,000 after acquiring an additional 239,650 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 3,043,392 shares of the industrial products company’s stock worth $244,670,000 after acquiring an additional 69,266 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK opened at $89.32 on Friday. The stock’s 50-day moving average price is $91.46 and its 200 day moving average price is $90.72. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of -42.94, a PEG ratio of 2.41 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.63%. Stanley Black & Decker’s payout ratio is -155.77%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SWK. Barclays upped their price objective on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. cut their price target on shares of 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 reduced 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, Robert W. Baird lowered their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.