Carret Asset Management LLC Trims Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Carret Asset Management LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.1% in the 4th quarter, Holdings Channel reports. The firm owned 11,440 shares of the industrial products company’s stock after selling 2,030 shares during the period. Carret Asset Management LLC’s holdings in Stanley Black & Decker were worth $919,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Americana Partners LLC lifted its holdings in shares of Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after purchasing an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $1,386,000. Avanza Fonder AB acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $1,287,000. State Street Corp increased its position in Stanley Black & Decker by 6.5% in 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. Finally, FMR LLC increased its position in Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after acquiring an additional 267,723 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK opened at $81.07 on Friday. The stock has a market cap of $12.52 billion, a P/E ratio of 41.79, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock’s 50 day simple moving average is $85.48 and its 200 day simple moving average is $91.57. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts anticipate 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. Investors of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Tuesday, March 4th. Stanley Black & Decker’s payout ratio is currently 169.07%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SWK. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Thursday, December 19th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Barclays dropped their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Wells Fargo & Company dropped their target price on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target 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 Outdoor and Industrial segments.