Sabal Trust CO Trims Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Sabal Trust CO trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,120 shares of the industrial products company’s stock after selling 11,166 shares during the period. Sabal Trust CO owned approximately 0.15% of Stanley Black & Decker worth $19,038,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at about $36,000. Montag A & Associates Inc. purchased a new position in Stanley Black & Decker in the fourth quarter valued at about $44,000. Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at approximately $49,000. Sunbelt Securities Inc. boosted its stake in shares of Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 513 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Stanley Black & Decker in the 4th quarter valued at approximately $54,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of several research reports. Morgan Stanley cut their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. 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 report on Friday, February 7th. Barclays dropped their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Citigroup reduced their target price on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One equities research 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 data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Price Performance

SWK opened at $87.71 on Wednesday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. 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 cap of $13.54 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 1.33 and a beta of 1.24. The company has a fifty day simple moving average of $84.52 and a 200 day simple moving average of $92.71.

Stanley Black & Decker (NYSE:SWK) last announced its 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%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is presently 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.