Vaughan David Investments LLC IL Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Vaughan David Investments LLC IL lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,355 shares of the industrial products company’s stock after selling 2,156 shares during the period. Vaughan David Investments LLC IL owned approximately 0.18% of Stanley Black & Decker worth $22,429,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in Stanley Black & Decker by 37.8% in the third quarter. Sequoia Financial Advisors LLC now owns 3,592 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 986 shares during the period. International Assets Investment Management LLC raised its stake in shares of Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after purchasing an additional 390,941 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Stanley Black & Decker during the third quarter valued at about $216,000. Mirae Asset Global Investments Co. Ltd. raised its position in Stanley Black & Decker by 36.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,700 shares of the industrial products company’s stock worth $1,942,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Stanley Black & Decker by 2.5% in the third quarter. Forsta AP Fonden now owns 37,100 shares of the industrial products company’s stock worth $4,086,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $86.78 on Tuesday. The company’s fifty day moving average price is $84.41 and its two-hundred day moving average price is $92.76. The company has a market cap of $13.40 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.33 and a beta of 1.24. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating the consensus estimate 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, analysts expect 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 will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

SWK has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird reduced their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, UBS Group cut their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.00.

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.