Sanibel Captiva Trust Company Inc. Sells 11,920 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sanibel Captiva Trust Company Inc. decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,417 shares of the industrial products company’s stock after selling 11,920 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Stanley Black & Decker were worth $3,004,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $72,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the subject of several recent research reports. Wells Fargo & Company decreased their price target 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. Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average price target of $101.25.

Stanley Black & Decker Stock Up 0.4 %

SWK opened at $84.34 on Friday. The company has a fifty day moving average price of $84.14 and a two-hundred day moving average price of $93.17. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.89%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

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 Storage segment, and Industrial segment.