Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,980 shares of the industrial products company’s stock after selling 177 shares during the period. Avior Wealth Management LLC’s holdings in Stanley Black & Decker were worth $783,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. Cetera Advisor Networks LLC grew its stake in shares of Stanley Black & Decker by 4.0% during the first quarter. Cetera Advisor Networks LLC now owns 3,595 shares of the industrial products company’s stock worth $503,000 after purchasing an additional 138 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Stanley Black & Decker by 3.5% during the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 96 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Stanley Black & Decker by 22.2% during the first quarter. Vontobel Holding Ltd. now owns 4,449 shares of the industrial products company’s stock worth $636,000 after purchasing an additional 807 shares in the last quarter. Sei Investments Co. grew its stake in shares of Stanley Black & Decker by 58.2% during the first quarter. Sei Investments Co. now owns 54,290 shares of the industrial products company’s stock worth $7,580,000 after purchasing an additional 19,966 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Stanley Black & Decker by 7.8% during the first quarter. Allianz Asset Management GmbH now owns 8,711 shares of the industrial products company’s stock worth $1,218,000 after purchasing an additional 629 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $89.33 on Thursday. The company has a 50-day simple moving average of $91.45 and a 200-day simple moving average of $90.58. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The stock has a market capitalization of $13.74 billion, a price-to-earnings ratio of -42.95, a PEG ratio of 2.43 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the company earned ($0.10) earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a dividend of $0.81 per share. The ex-dividend date was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Barclays boosted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $99.44.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.