Carret Asset Management LLC Sells 179 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Carret Asset Management LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,998 shares of the industrial products company’s stock after selling 179 shares during the quarter. Carret Asset Management LLC’s holdings in Stanley Black & Decker were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 13.8% in the third quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after buying an additional 277,507 shares in the last quarter. Federated Hermes Inc. boosted its position in Stanley Black & Decker by 1.4% during the fourth quarter. Federated Hermes Inc. now owns 1,647,932 shares of the industrial products company’s stock valued at $161,662,000 after acquiring an additional 22,933 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Stanley Black & Decker by 1.4% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,527,842 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 20,792 shares during the period. Northern Trust Corp raised its holdings in shares of Stanley Black & Decker by 4.7% in the 3rd quarter. Northern Trust Corp now owns 1,495,531 shares of the industrial products company’s stock worth $124,996,000 after acquiring an additional 66,536 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Stanley Black & Decker by 6.3% in the 3rd quarter. Schroder Investment Management Group now owns 967,276 shares of the industrial products company’s stock valued at $80,845,000 after buying an additional 57,121 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 1.7 %

Shares of SWK traded down $1.52 during mid-day trading on Thursday, reaching $88.75. The stock had a trading volume of 477,263 shares, compared to its average volume of 1,273,455. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of -43.40, a P/E/G ratio of 2.45 and a beta of 1.34. The business’s fifty day moving average is $91.53 and its 200 day moving average is $90.97. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.81 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.24 annualized dividend and a yield of 3.65%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Analyst Ratings Changes

SWK has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Barclays upped their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $98.11.

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.