Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Lowered by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 11.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 84,568 shares of the industrial products company’s stock after selling 11,172 shares during the period. Prudential Financial Inc.’s holdings in Stanley Black & Decker were worth $7,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Stanley Black & Decker by 2.6% in the 4th 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 during the last quarter. State Street Corp boosted its stake in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after acquiring an additional 35,100 shares during the last quarter. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% during the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after purchasing an additional 652,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock worth $128,054,000 after buying an additional 109,100 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 1.6 %

SWK stock opened at $76.46 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $76.25 and a twelve month high of $110.88. The company has a market cap of $11.82 billion, a P/E ratio of 39.41, a PEG ratio of 1.33 and a beta of 1.25. The business has a fifty day moving average of $85.03 and a 200-day moving average of $90.15.

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

Stanley Black & Decker Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SWK shares. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Citigroup lowered their target price on shares of 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. Mizuho raised 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. Finally, Barclays dropped their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.20.

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.