Private Trust Co. NA Decreases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Private Trust Co. NA lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,403 shares of the industrial products company’s stock after selling 241 shares during the quarter. Private Trust Co. NA’s holdings in Stanley Black & Decker were worth $113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at $36,000. Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at about $44,000. Crews Bank & Trust purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $49,000. R Squared Ltd bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $54,000. Finally, Sunbelt Securities Inc. increased its holdings in Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 513 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 3.1 %

NYSE:SWK opened at $81.46 on Wednesday. The firm has a market capitalization of $12.58 billion, a P/E ratio of 41.99, a PEG ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company’s 50-day simple moving average is $84.96 and its 200 day simple moving average is $92.32.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.03%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SWK shares. Barclays dropped their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Thursday, December 19th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. Finally, UBS Group reduced their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.