Cannell & Spears LLC Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Cannell & Spears LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,998 shares of the industrial products company’s stock after selling 497 shares during the period. Cannell & Spears LLC’s holdings in Stanley Black & Decker were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWK. Americana Partners LLC grew its stake in Stanley Black & Decker by 180.5% during the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after acquiring an additional 72,637 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at $1,386,000. Avanza Fonder AB bought a new position in shares of Stanley Black & Decker in the fourth quarter worth $1,287,000. State Street Corp raised its position 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 buying an additional 549,531 shares in the last quarter. Finally, FMR LLC boosted its stake in Stanley Black & Decker by 40.8% during the third 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 during the period. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 0.7 %

Shares of SWK opened at $76.94 on Tuesday. Stanley Black & Decker, Inc. has a 1-year low of $74.31 and a 1-year high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $84.88 and its 200-day moving average price is $89.95. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Jefferies Financial Group began 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 objective on the stock. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. UBS Group dropped their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Citigroup lowered their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays dropped their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker 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 Outdoor and Industrial segments.