First Horizon Advisors Inc. Decreases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

First Horizon Advisors Inc. lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,124 shares of the industrial products company’s stock after selling 711 shares during the period. First Horizon Advisors Inc.’s holdings in Stanley Black & Decker were worth $171,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker in the fourth quarter worth $36,000. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth $44,000. Crews Bank & Trust purchased a new position in Stanley Black & Decker during the 4th quarter worth $49,000. R Squared Ltd acquired a new position in Stanley Black & Decker during the 4th quarter valued at about $54,000. Finally, Sunbelt Securities Inc. raised its stake in Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after buying an additional 513 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Citigroup decreased 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 report on Thursday, February 6th. Mizuho raised 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. Wells Fargo & Company reduced 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, Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $87.71 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The business’s 50 day moving average is $84.52 and its two-hundred day moving average is $92.71. The company has a market capitalization of $13.54 billion, a P/E ratio of 45.21, a P/E/G ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is currently 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 Storage segment, and Industrial segment.