iA Global Asset Management Inc. Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

iA Global Asset Management Inc. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 52.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,875 shares of the industrial products company’s stock after selling 4,351 shares during the period. iA Global Asset Management Inc.’s holdings in Stanley Black & Decker were worth $311,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SWK. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. increased its stake in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Finally, Crews Bank & Trust purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $49,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $79.40 on Friday. 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 stock has a fifty day moving average price of $85.43 and a 200 day moving average price of $90.80. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a market cap of $12.27 billion, a PE ratio of 40.93, a P/E/G ratio of 1.33 and a beta of 1.25.

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 for the quarter, topping 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%. Sell-side analysts forecast 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. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SWK. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday, December 19th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. UBS Group lowered their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup lowered their target price 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. Finally, Barclays lowered their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.