Keybank National Association OH Reduces Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Keybank National Association OH decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,838 shares of the industrial products company’s stock after selling 4,966 shares during the quarter. Keybank National Association OH’s holdings in Stanley Black & Decker were worth $2,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after acquiring an additional 549,531 shares during the period. Geode Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock worth $392,882,000 after purchasing an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after purchasing an additional 235,106 shares during the period. Clean Energy Transition LLP grew its position in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after purchasing an additional 652,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Stanley Black & Decker by 7.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after buying an additional 109,100 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SWK shares. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Mizuho upgraded 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. Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Barclays lowered their price target 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. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Trading Up 1.9 %

Shares of Stanley Black & Decker stock opened at $85.19 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm’s 50-day moving average price is $85.10 and its 200 day moving average price is $92.21. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $13.16 billion, a PE ratio of 43.91, a P/E/G ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

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.