Morton Community Bank Lowers Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Morton Community Bank reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,596 shares of the industrial products company’s stock after selling 695 shares during the quarter. Morton Community Bank’s holdings in Stanley Black & Decker were worth $2,055,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clean Energy Transition LLP increased its holdings in Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after buying an additional 652,780 shares during the period. State Street Corp grew its stake in Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares during the period. Amundi lifted its holdings in Stanley Black & Decker by 124.7% in the 4th quarter. Amundi now owns 807,859 shares of the industrial products company’s stock valued at $65,889,000 after purchasing an additional 448,411 shares in the last quarter. FMR LLC lifted its holdings in Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after purchasing an additional 267,723 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Stanley Black & Decker by 485.1% during the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after acquiring an additional 240,752 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 4.6 %

Shares of Stanley Black & Decker stock opened at $89.07 on Monday. The business’s fifty day moving average price is $85.27 and its two-hundred day moving average price is $92.08. 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 company has a market capitalization of $13.75 billion, a P/E ratio of 45.91, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

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

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Ratings Changes

SWK has been the subject of a number of recent analyst reports. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $103.00.

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.