Swiss National Bank Sells 21,700 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Swiss National Bank decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 434,935 shares of the industrial products company’s stock after selling 21,700 shares during the quarter. Swiss National Bank’s holdings in Stanley Black & Decker were worth $34,921,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SWK. Atria Investments Inc boosted its position in Stanley Black & Decker by 9.2% during the third quarter. Atria Investments Inc now owns 7,736 shares of the industrial products company’s stock valued at $852,000 after acquiring an additional 649 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in Stanley Black & Decker during the third quarter valued at $241,000. Victory Capital Management Inc. boosted its position in Stanley Black & Decker by 20.3% during the third quarter. Victory Capital Management Inc. now owns 125,250 shares of the industrial products company’s stock valued at $13,794,000 after acquiring an additional 21,120 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Stanley Black & Decker by 5.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,947 shares of the industrial products company’s stock valued at $545,000 after acquiring an additional 245 shares during the last quarter. Finally, ING Groep NV bought a new stake in Stanley Black & Decker during the third quarter valued at $2,268,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 2.1 %

SWK opened at $81.07 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a market capitalization of $12.52 billion, a PE ratio of 41.79, a P/E/G ratio of 1.33 and a beta of 1.25. The company’s 50-day moving average is $85.48 and its 200 day moving average is $91.46.

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 net margin of 1.92% and a return on equity of 7.50%. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.05%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SWK. Citigroup cut their price target on shares of 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. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. UBS Group dropped their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Barclays dropped their price objective 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average 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 Outdoor and Industrial segments.