Welch & Forbes LLC Sells 935 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Welch & Forbes LLC lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 17.2% during the fourth quarter, Holdings Channel reports. The fund owned 4,512 shares of the industrial products company’s stock after selling 935 shares during the period. Welch & Forbes LLC’s holdings in Stanley Black & Decker were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Machina Capital S.A.S. purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $200,000. Private Advisor Group LLC increased its holdings in shares of Stanley Black & Decker by 7.7% during the fourth quarter. Private Advisor Group LLC now owns 14,468 shares of the industrial products company’s stock valued at $1,417,000 after acquiring an additional 1,033 shares in the last quarter. River Global Investors LLP boosted its stake in Stanley Black & Decker by 248.5% during the 4th quarter. River Global Investors LLP now owns 48,854 shares of the industrial products company’s stock valued at $4,792,000 after purchasing an additional 34,835 shares during the last quarter. National Bank of Canada FI raised its stake in Stanley Black & Decker by 9.1% during the 4th quarter. National Bank of Canada FI now owns 36,616 shares of the industrial products company’s stock valued at $3,596,000 after buying an additional 3,061 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Stanley Black & Decker by 0.3% in the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after buying an additional 113 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $1.09 during trading on Wednesday, hitting $86.20. 436,528 shares of the company’s stock were exchanged, compared to its average volume of 1,427,616. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The company has a market cap of $13.26 billion, a price-to-earnings ratio of -124.93, a PEG ratio of 2.31 and a beta of 1.33. The business’s 50-day simple moving average is $91.55 and its 200 day simple moving average is $91.52.

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, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. Stanley Black & Decker’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.41) earnings per share. As a group, equities 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 will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker’s payout ratio is presently -469.57%.

Wall Street Analyst Weigh In

SWK has been the topic of several research reports. Barclays dropped their target price on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. JPMorgan Chase & Co. cut their target price 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. 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 note on Friday, May 3rd. Finally, Robert W. Baird lowered their target price on 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 analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $97.00.

Stanley Black & Decker 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.