Advisors Management Group Inc. ADV Sells 153 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Advisors Management Group Inc. ADV lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,667 shares of the industrial products company’s stock after selling 153 shares during the period. Advisors Management Group Inc. ADV’s holdings in Stanley Black & Decker were worth $294,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 11,151 shares in the last quarter. State Street Corp increased its stake in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares in the last quarter. FMR LLC lifted its stake in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 35,100 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter worth $1,386,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $83.41 on Thursday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average price is $84.59 and its 200-day moving average price is $93.26.

Stanley Black & Decker (NYSE:SWK) last issued its 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 business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the firm earned $1.05 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were issued 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 3.93%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Barclays lowered their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird cut 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 research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Company Profile

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.