Hardman Johnston Global Advisors LLC Reduces Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Hardman Johnston Global Advisors LLC reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,053 shares of the industrial products company’s stock after selling 4,770 shares during the period. Hardman Johnston Global Advisors LLC owned 0.10% of Stanley Black & Decker worth $11,967,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $401,000. South Dakota Investment Council lifted its position in shares of Stanley Black & Decker by 1.8% during the 4th quarter. South Dakota Investment Council now owns 138,349 shares of the industrial products company’s stock valued at $11,108,000 after buying an additional 2,475 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Stanley Black & Decker by 70.0% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 81,030 shares of the industrial products company’s stock valued at $6,506,000 after buying an additional 33,366 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at about $2,166,000. Finally, Sigma Planning Corp lifted its position in shares of Stanley Black & Decker by 83.0% during the 4th quarter. Sigma Planning Corp now owns 15,672 shares of the industrial products company’s stock valued at $1,258,000 after buying an additional 7,109 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SWK shares. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Thursday, December 19th. Finally, UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $87.95 on Monday. The company has a market cap of $13.58 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The business’s 50 day moving average price is $84.33 and its 200-day moving average price is $92.81. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Stanley Black & Decker Profile

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.