New South Capital Management Inc. Has $17.30 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

New South Capital Management Inc. cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,489 shares of the industrial products company’s stock after selling 20,730 shares during the period. New South Capital Management Inc. owned approximately 0.14% of Stanley Black & Decker worth $17,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Empirical Finance LLC increased its position in shares of Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 111 shares in the last quarter. Advisors Management Group Inc. ADV increased its position in shares of Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares in the last quarter. MML Investors Services LLC increased its position in shares of Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after acquiring an additional 127 shares in the last quarter. Assetmark Inc. increased its position in shares of Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after acquiring an additional 130 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after acquiring an additional 149 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWK shares. UBS Group decreased their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Barclays reduced their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Up 2.7 %

Stanley Black & Decker stock opened at $83.68 on Thursday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm has a 50 day moving average price of $85.01 and a 200-day moving average price of $92.26. The company has a market capitalization of $12.92 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

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 analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

Stanley Black & Decker Company 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.