New York Life Investment Management LLC Has $2.14 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

New York Life Investment Management LLC decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,825 shares of the industrial products company’s stock after selling 2,033 shares during the period. New York Life Investment Management LLC’s holdings in Stanley Black & Decker were worth $2,141,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC acquired a new position in Stanley Black & Decker during the third quarter valued at $33,000. EverSource Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 231 shares during the period. Headlands Technologies LLC bought a new position in Stanley Black & Decker in the 3rd quarter worth $44,000. ING Groep NV bought a new position in shares of Stanley Black & Decker in the third quarter worth about $45,000. Finally, Parkside Financial Bank & Trust increased its position 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 during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SWK. Barclays decreased their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Robert W. Baird decreased their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.00.

Stanley Black & Decker Trading Up 1.4 %

SWK stock opened at $87.01 on Tuesday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The company has a 50 day moving average price of $91.58 and a 200 day moving average price of $91.45.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. Stanley Black & Decker’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a $0.81 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.72%. Stanley Black & Decker’s dividend payout ratio is -469.56%.

Stanley Black & Decker 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.