Mackenzie Financial Corp Trims Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Mackenzie Financial Corp trimmed its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.6% in the 4th quarter, HoldingsChannel reports. The firm owned 11,953 shares of the industrial products company’s stock after selling 980 shares during the period. Mackenzie Financial Corp’s holdings in Stanley Black & Decker were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $33,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 80.5% in the 3rd 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. Headlands Technologies LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $44,000. ING Groep NV purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $45,000. Finally, Parkside Financial Bank & Trust increased its stake in Stanley Black & Decker by 41.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after buying an additional 160 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Robert W. Baird cut their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Barclays increased their price target on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company cut their price target on 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Stock Down 0.5 %

Stanley Black & Decker stock opened at $90.27 on Thursday. 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 company’s 50-day moving average is $91.53 and its 200 day moving average is $90.97.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share 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 analyst estimates of $3.84 billion. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -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.