River Global Investors LLP Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

River Global Investors LLP lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 36.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,346 shares of the industrial products company’s stock after selling 5,860 shares during the period. River Global Investors LLP’s holdings in Stanley Black & Decker were worth $831,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Ridgewood Investments LLC purchased a new position in Stanley Black & Decker during the fourth quarter valued at $36,000. Cape Investment Advisory Inc. increased its holdings 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 in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Stanley Black & Decker by 61.8% in 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 during the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth about $44,000. Finally, Crews Bank & Trust purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $49,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 4.6 %

Stanley Black & Decker stock opened at $89.07 on Friday. The business has a 50-day simple moving average of $85.27 and a two-hundred day simple moving average of $92.12. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. 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 company has a market cap of $13.75 billion, a P/E ratio of 45.91, a P/E/G 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 earnings per share for the quarter, topping 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%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. UBS Group lowered their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Barclays reduced their price objective 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 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.00.

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 Storage segment, and Industrial segment.