Kiltearn Partners LLP trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 6.8% during the third quarter, Holdings Channel.com reports. The firm owned 184,500 shares of the industrial products company’s stock after selling 13,400 shares during the period. Stanley Black & Decker accounts for 2.7% of Kiltearn Partners LLP’s holdings, making the stock its 14th biggest position. Kiltearn Partners LLP’s holdings in Stanley Black & Decker were worth $13,714,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Tred Avon Family Wealth LLC bought a new stake in Stanley Black & Decker during the 3rd quarter valued at $939,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock valued at $237,813,000 after buying an additional 17,084 shares in the last quarter. Godsey & Gibb Inc. grew its holdings in shares of Stanley Black & Decker by 14.6% during the third quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after buying an additional 27,140 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Stanley Black & Decker by 773.1% during the second quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock worth $3,610,000 after acquiring an additional 47,176 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Stanley Black & Decker by 38.8% in the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after acquiring an additional 761,191 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.
Stanley Black & Decker Trading Down 2.4%
NYSE:SWK opened at $76.09 on Monday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $93.37. The firm has a 50-day moving average price of $83.40 and a two-hundred day moving average price of $76.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18.
Stanley Black & Decker Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, March 10th. Stanley Black & Decker’s dividend payout ratio is 125.28%.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on SWK. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, December 23rd. Morgan Stanley increased their price objective on Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Argus upgraded Stanley Black & Decker to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 21st. Finally, Barclays reissued an “overweight” rating and issued a $100.00 price target on shares of Stanley Black & Decker in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus price target of $86.89.
View Our Latest Report on Stanley Black & Decker
About Stanley Black & Decker
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
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