Whittier Trust Co. Reduces Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Whittier Trust Co. lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 46.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 483 shares of the industrial products company’s stock after selling 417 shares during the period. Whittier Trust Co.’s holdings in Stanley Black & Decker were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the 4th quarter valued at approximately $36,000. Cape Investment Advisory Inc. boosted its stake in shares of 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 valued at $37,000 after acquiring an additional 237 shares during the last quarter. SRS Capital Advisors Inc. increased its position in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares in the last quarter. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $44,000. Finally, Crews Bank & Trust purchased a new position in Stanley Black & Decker in the 4th quarter valued at about $49,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWK has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company lowered their price objective on 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. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. Finally, Barclays lowered their price target 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Trading Up 3.1 %

Shares of SWK stock opened at $82.00 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm’s 50 day moving average price is $85.45 and its two-hundred day moving average price is $90.63. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.00%. Stanley Black & Decker’s dividend payout ratio is currently 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.