Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,230 shares of the industrial products company’s stock after selling 403 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Stanley Black & Decker were worth $578,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empirical Finance LLC grew its holdings in Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock worth $581,000 after acquiring an additional 111 shares during the period. Advisors Management Group Inc. ADV grew its holdings in Stanley Black & Decker by 3.2% during the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares during the period. MML Investors Services LLC grew its holdings in Stanley Black & Decker by 0.8% during the third quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after acquiring an additional 127 shares during the period. Assetmark Inc. grew its holdings in Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after acquiring an additional 130 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after purchasing an additional 149 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 1.3 %

SWK opened at $86.78 on Tuesday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The business has a 50-day moving average of $84.41 and a 200-day moving average of $92.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company has a market capitalization of $13.40 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share 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%. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SWK shares. Wells Fargo & Company decreased their price target 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. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Citigroup decreased their price target on 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. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. 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 report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker 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.