Baird Financial Group Inc. Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Baird Financial Group Inc. cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 5,989 shares of the industrial products company’s stock after selling 142 shares during the quarter. Baird Financial Group Inc.’s holdings in Stanley Black & Decker were worth $481,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in SWK. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Stanley Black & Decker by 0.7% during the 4th 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 purchasing an additional 149 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 151 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 172 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Stanley Black & Decker by 3.7% during the 4th quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 180 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of Stanley Black & Decker by 0.9% during the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock worth $1,664,000 after purchasing an additional 181 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 1.6%

Shares of NYSE:SWK opened at $70.70 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.33 and a beta of 1.19. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $67.63 and a 200-day moving average price of $79.69.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.64%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio is currently 136.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $90.00 in a research note on Tuesday. UBS Group decreased their price target on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday. 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 note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Finally, Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $91.10.

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.