Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 28.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,685 shares of the industrial products company’s stock after selling 7,600 shares during the period. Romano Brothers AND Company’s holdings in Stanley Black & Decker were worth $1,500,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SWK. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after buying an additional 11,151 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Stanley Black & Decker in the 4th quarter valued at $1,386,000. State Street Corp boosted its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares during the period. FMR LLC grew its position in Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays decreased their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.25.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $84.34 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a 50-day simple moving average of $84.14 and a 200-day simple moving average of $93.17. The company has a market capitalization of $13.00 billion, a PE ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.05 EPS. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.