Kiltearn Partners LLP Sells 19,100 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Kiltearn Partners LLP decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 177,400 shares of the industrial products company’s stock after selling 19,100 shares during the quarter. Stanley Black & Decker accounts for approximately 2.3% of Kiltearn Partners LLP’s investment portfolio, making the stock its 18th largest position. Kiltearn Partners LLP owned 0.12% of Stanley Black & Decker worth $14,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $36,000. Cape Investment Advisory Inc. boosted its stake in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker in the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. raised its position in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at $44,000. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SWK shares. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. 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 for the company in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Stock Down 0.9 %

Shares of SWK opened at $77.74 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.29 and a 52-week high of $110.88. The company has a market cap of $12.01 billion, a PE ratio of 40.07, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business has a fifty day moving average of $85.19 and a 200 day moving average of $90.34.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) 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%. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.22%. Stanley Black & Decker’s payout ratio is 169.07%.

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.