SeaCrest Wealth Management LLC Sells 1,329 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

SeaCrest Wealth Management LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 36.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,365 shares of the industrial products company’s stock after selling 1,329 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Stanley Black & Decker were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Foresight Capital Management Advisors Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth $2,593,000. Vest Financial LLC boosted its stake in shares of Stanley Black & Decker by 44.0% during the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after acquiring an additional 103,403 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Stanley Black & Decker during the 3rd quarter worth $1,605,000. Manchester Financial Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth $2,067,000. Finally, First Financial Bankshares Inc purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth $6,161,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SWK shares. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Robert W. Baird lowered their target price on shares of 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. Finally, Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $100.00 to $86.00 in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $95.44.

Read Our Latest Stock Analysis on Stanley Black & Decker

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $79.88 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $104.21. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $85.77 and its two-hundred day simple moving average is $90.45.

Stanley Black & Decker (NYSE:SWKGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the company earned ($0.41) EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.05 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th were issued a $0.81 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.06%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

About Stanley Black & Decker

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWKFree Report).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.