International Assets Investment Management LLC Has $222,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

International Assets Investment Management LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 55.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,886 shares of the industrial products company’s stock after selling 3,633 shares during the period. International Assets Investment Management LLC’s holdings in Stanley Black & Decker were worth $222,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Hanson & Doremus Investment Management acquired a new position in Stanley Black & Decker in the first quarter worth approximately $31,000. Cape Investment Advisory Inc. increased its holdings in Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. increased its holdings in Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after buying an additional 199 shares during the last quarter. Finally, CX Institutional acquired a new position in Stanley Black & Decker in the first quarter worth approximately $43,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SWK. Barclays upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. UBS Group dropped their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Robert W. Baird upped their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $91.10.

Stanley Black & Decker Stock Up 0.1%

SWK opened at $67.64 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.75 and a beta of 1.18. The business has a 50 day moving average of $65.08 and a 200-day moving average of $74.85.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the prior year, the business earned $0.56 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 4.85%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 136.10%.

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 Outdoor and Industrial segments.