Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,586 shares of the industrial products company’s stock after selling 2,949 shares during the period. Wealthfront Advisers LLC’s holdings in Stanley Black & Decker were worth $1,332,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SWK. Ridgewood Investments LLC bought a new position in Stanley Black & Decker during the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. boosted its stake in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after buying an additional 237 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker during the fourth quarter valued at about $44,000. Finally, Crews Bank & Trust bought a new position in Stanley Black & Decker during the fourth quarter valued at about $49,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 2.1 %

SWK opened at $81.07 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The business has a 50-day moving average of $85.48 and a 200-day moving average of $91.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company has a market capitalization of $12.52 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. 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 research report on Wednesday, January 8th. UBS Group decreased their price target on 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. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. Wells Fargo & Company decreased their price target on 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 decreased their price target on 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 analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.00.

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 Outdoor and Industrial segments.