Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,500 shares of the industrial products company’s stock after selling 1,724 shares during the period. Corebridge Financial Inc.’s holdings in Stanley Black & Decker were worth $2,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. Cape Investment Advisory Inc. increased 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 worth $37,000 after acquiring an additional 237 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in Stanley Black & Decker in the fourth quarter valued at $40,000. SRS Capital Advisors Inc. lifted its stake in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $44,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays dropped their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. 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 objective on the stock. Finally, UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $76.94 on Tuesday. The business has a 50-day simple moving average of $84.88 and a 200-day simple moving average of $89.95. The company has a market cap of $11.89 billion, a PE ratio of 39.66, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a one year low of $74.31 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS 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%. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

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 Outdoor and Industrial segments.