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

Carret Asset Management LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,818 shares of the industrial products company’s stock after selling 180 shares during the quarter. Carret Asset Management LLC’s holdings in Stanley Black & Decker were worth $1,549,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Foresight Capital Management Advisors Inc. acquired a new stake in Stanley Black & Decker in the fourth quarter worth about $2,593,000. Vest Financial LLC raised its position in Stanley Black & Decker by 44.0% in the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after acquiring an additional 103,403 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Stanley Black & Decker in the third quarter worth about $1,605,000. Manchester Financial Inc. bought a new stake in Stanley Black & Decker in the fourth quarter worth about $2,067,000. Finally, First Financial Bankshares Inc bought a new stake in Stanley Black & Decker in the fourth quarter worth about $6,161,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SWK. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Finally, Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.44.

Stanley Black & Decker Price Performance

NYSE SWK opened at $79.81 on Thursday. The stock’s 50-day moving average price is $85.98 and its two-hundred day moving average price is $90.53. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.28 billion, a PE ratio of -115.67, a PEG ratio of 2.18 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.41) EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post 4.05 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.81 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 annualized dividend and a dividend yield of 4.06%. Stanley Black & Decker’s payout ratio is -469.57%.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

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.