Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 69.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,875 shares of the industrial products company’s stock after selling 6,403 shares during the period. Sigma Planning Corp’s holdings in Stanley Black & Decker were worth $282,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Clean Energy Transition LLP grew its holdings in Stanley Black & Decker by 13.8% during the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after buying an additional 277,507 shares during the last quarter. Federated Hermes Inc. grew its holdings in Stanley Black & Decker by 1.4% during the 4th quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after buying an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in Stanley Black & Decker by 1.4% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after buying an additional 20,792 shares during the last quarter. Northern Trust Corp grew its holdings in Stanley Black & Decker by 4.7% during the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock valued at $124,996,000 after buying an additional 66,536 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Stanley Black & Decker by 6.3% during the 3rd quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after buying an additional 57,121 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 1.0 %

Shares of SWK opened at $89.71 on Friday. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $91.54 and its 200 day simple moving average is $91.10. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same period last year, the company posted ($0.10) EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.61%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent analyst reports. 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. Wells Fargo & Company reduced their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. JPMorgan Chase & Co. reduced their price target on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Finally, Robert W. Baird reduced their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.11.

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.