Fisher Funds Management LTD Trims Position in Stanley Black & Decker, Inc. $SWK

Fisher Funds Management LTD lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 39.9% in the second quarter, Holdings Channel reports. The fund owned 16,175 shares of the industrial products company’s stock after selling 10,760 shares during the quarter. Fisher Funds Management LTD’s holdings in Stanley Black & Decker were worth $1,096,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after buying an additional 296 shares in the last quarter. 1248 Management LLC purchased a new stake in Stanley Black & Decker in the first quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new stake in Stanley Black & Decker in the second quarter worth about $25,000. TD Private Client Wealth LLC increased its position in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after buying an additional 382 shares in the last quarter. Finally, Garde Capital Inc. increased its position in Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday, July 30th. Morgan Stanley reaffirmed a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Wells Fargo & Company upped their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Finally, Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $67.64 on Friday. The stock has a 50 day moving average of $73.24 and a 200 day moving average of $69.47. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $96.75. The firm has a market cap of $10.47 billion, a PE ratio of 21.47, a PEG ratio of 1.46 and a beta of 1.19. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.72 billion during the quarter. On average, research 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 105.40%.

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.