Allspring Global Investments Holdings LLC Decreases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Allspring Global Investments Holdings LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,423 shares of the industrial products company’s stock after selling 2,105 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Stanley Black & Decker were worth $4,064,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker during the third quarter worth about $33,000. Achmea Investment Management B.V. acquired a new position in shares of Stanley Black & Decker in the 1st quarter valued at approximately $36,000. ICA Group Wealth Management LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $37,000. Castleview Partners LLC grew its position in shares of Stanley Black & Decker by 343.4% during the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after buying an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SWK shares. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Barclays increased their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $89.32 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The firm has a fifty day moving average of $91.46 and a 200-day moving average of $90.63.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Stanley Black & Decker’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.