Carret Asset Management LLC Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Carret Asset Management LLC decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,998 shares of the industrial products company’s stock after selling 179 shares during the period. Carret Asset Management LLC’s holdings in Stanley Black & Decker were worth $1,569,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Crestwood Advisors Group LLC lifted its stake in Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares during the last quarter. Kinloch Capital LLC lifted its stake in Stanley Black & Decker by 0.4% in the third quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 141 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Stanley Black & Decker by 3.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,158 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 147 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the last quarter. Finally, SevenBridge Financial Group LLC lifted its stake in Stanley Black & Decker by 1.5% in the third quarter. SevenBridge Financial Group LLC now owns 11,312 shares of the industrial products company’s stock valued at $945,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.7 %

Shares of Stanley Black & Decker stock traded down $1.52 during trading on Thursday, reaching $88.75. 477,263 shares of the stock were exchanged, compared to its average volume of 1,273,455. 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 moving average is $91.53 and its 200 day moving average is $90.97. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of -43.40, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. 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 issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. Stanley Black & Decker’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. As a group, equities research analysts expect 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. Shareholders of record on Friday, March 8th were given a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.65%. Stanley Black & Decker’s payout ratio is -155.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. 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 on the stock in a report on Friday, February 2nd. Finally, Robert W. Baird decreased their price target on shares of 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.