Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 28.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,729 shares of the industrial products company’s stock after selling 1,095 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Stanley Black & Decker were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWK. New York Life Investment Management LLC raised its stake in Stanley Black & Decker by 0.9% in the 4th quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company’s stock worth $1,664,000 after acquiring an additional 181 shares during the last quarter. National Pension Service raised its stake in Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after acquiring an additional 240,752 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in Stanley Black & Decker in the 4th quarter worth $959,000. Los Angeles Capital Management LLC purchased a new position in Stanley Black & Decker in the 4th quarter worth $2,326,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Stanley Black & Decker by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company’s stock valued at $103,053,000 after buying an additional 122,639 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. 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 research note on Wednesday, January 8th. 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. Wells Fargo & Company reduced 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. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. Finally, UBS Group reduced their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One investment 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. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Trading Up 4.6 %

SWK stock opened at $89.07 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 1.33 and a beta of 1.25. The business’s 50-day moving average is $85.27 and its 200 day moving average is $92.08.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS 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. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is 169.07%.

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.