SevenBridge Financial Group LLC Has $744,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

SevenBridge Financial Group LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,529 shares of the industrial products company’s stock after selling 1,629 shares during the period. SevenBridge Financial Group LLC’s holdings in Stanley Black & Decker were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in Stanley Black & Decker in the fourth quarter worth about $36,000. Cape Investment Advisory Inc. raised its holdings in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. grew its position 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 acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in Stanley Black & Decker during the fourth quarter worth $44,000. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SWK. 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 report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. Mizuho upgraded 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. UBS Group reduced 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. Finally, Wells Fargo & Company lowered 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. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $76.10 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. The firm has a market capitalization of $11.76 billion, a P/E ratio of 39.23, a PEG ratio of 1.33 and a beta of 1.25. The business has a 50-day moving average of $84.67 and a 200-day moving average of $89.78. Stanley Black & Decker, Inc. has a 1 year low of $74.31 and a 1 year high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders 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 yield of 4.31%. 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.