Victory Capital Management Inc. Sells 36,904 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Victory Capital Management Inc. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,346 shares of the industrial products company’s stock after selling 36,904 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Stanley Black & Decker worth $7,093,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWK. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $36,000. Cape Investment Advisory Inc. lifted its position in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after buying an additional 199 shares in the last quarter. Montag A & Associates Inc. bought a new stake in Stanley Black & Decker during the 4th quarter worth about $44,000. Finally, Crews Bank & Trust bought a new stake in Stanley Black & Decker during the 4th quarter worth about $49,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $81.07 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The company has a fifty day moving average of $85.48 and a 200-day moving average of $91.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

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 given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Barclays dropped their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Citigroup lowered their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Company 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 Outdoor and Industrial segments.