Ridgewood Investments LLC Sells 1,332 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Ridgewood Investments LLC lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 37.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,250 shares of the industrial products company’s stock after selling 1,332 shares during the period. Ridgewood Investments LLC’s holdings in Stanley Black & Decker were worth $220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in 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 acquiring an additional 113 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 117 shares during the last quarter. Czech National Bank lifted its holdings in shares of Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. Finally, Kinloch Capital LLC increased its holdings in Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $84.34 on Friday. The company has a market capitalization of $12.98 billion, a P/E ratio of -122.23, a P/E/G ratio of 2.28 and a beta of 1.29. Stanley Black & Decker, Inc. has a 1-year low of $76.26 and a 1-year high of $104.21. The firm’s 50 day simple moving average is $87.23 and its two-hundred day simple moving average is $91.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

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 the consensus estimate of $0.55 by $0.01. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.41) EPS. Research analysts expect that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.81 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a yield of 3.84%. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SWK shares. 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 report on Friday, May 3rd. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Barclays cut Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $100.00 to $86.00 in a report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $95.44.

Insiders Place Their Bets

In other 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 transaction, the senior vice president now owns 32,860 shares of the company’s stock, valued at $2,852,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

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.