Lyell Wealth Management LP Sells 510 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Lyell Wealth Management LP lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,653 shares of the industrial products company’s stock after selling 510 shares during the period. Lyell Wealth Management LP’s holdings in Stanley Black & Decker were worth $293,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the fourth quarter worth about $44,000. Crews Bank & Trust bought a new position in Stanley Black & Decker during the fourth quarter worth about $49,000. R Squared Ltd bought a new position in Stanley Black & Decker during the fourth quarter worth about $54,000. Finally, Waldron Private Wealth LLC bought a new position in Stanley Black & Decker during the third quarter worth about $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $88.21 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market cap of $13.60 billion, a P/E ratio of 45.47, a P/E/G ratio of 1.30 and a beta of 1.24. The firm has a 50 day simple moving average of $84.00 and a 200 day simple moving average of $92.94. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping 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%. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday. They set a “buy” rating and a $103.00 price target for the company. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Mizuho upgraded 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 note on Thursday, December 19th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average target price of $103.00.

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.