Hardman Johnston Global Advisors LLC Sells 4,770 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Hardman Johnston Global Advisors LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 149,053 shares of the industrial products company’s stock after selling 4,770 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Stanley Black & Decker were worth $11,967,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Americana Partners LLC lifted its holdings in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock worth $9,064,000 after buying an additional 72,637 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter worth $1,386,000. Avanza Fonder AB purchased a new stake in shares of Stanley Black & Decker in the 4th quarter worth $1,287,000. State Street Corp lifted its holdings in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after buying an additional 549,531 shares during the period. Finally, FMR LLC lifted its holdings in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after buying an additional 267,723 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.2 %

Shares of NYSE:SWK opened at $87.95 on Monday. The business’s 50-day moving average is $84.33 and its 200 day moving average is $92.81. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The firm has a market capitalization of $13.58 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating 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, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Analyst Ratings Changes

Several brokerages have weighed in on SWK. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Barclays decreased their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased 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 note on Tuesday, January 7th. Citigroup decreased their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.