Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 26.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,200 shares of the industrial products company’s stock after selling 1,162 shares during the quarter. SVB Wealth LLC’s holdings in Stanley Black & Decker were worth $314,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth $33,000. Achmea Investment Management B.V. acquired a new position in shares of Stanley Black & Decker during the first quarter worth $36,000. ICA Group Wealth Management LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $37,000. Castleview Partners LLC grew its stake 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 purchasing an additional 388 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SWK. Barclays boosted their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of 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 research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $98.11.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $89.32 on Monday. The firm’s 50-day moving average is $91.46 and its 200-day moving average is $90.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period last year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research 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 given a $0.81 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. Stanley Black & Decker’s payout ratio is currently -155.77%.

Stanley Black & Decker Company Profile

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.