M&T Bank Corp Sells 830 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

M&T Bank Corp cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,808 shares of the industrial products company’s stock after selling 830 shares during the period. M&T Bank Corp’s holdings in Stanley Black & Decker were worth $2,233,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in Stanley Black & Decker in the fourth quarter worth approximately $36,000. Cape Investment Advisory Inc. raised its position in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the period. SRS Capital Advisors Inc. raised its position in shares of Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $44,000. Finally, Crews Bank & Trust bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $49,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $89.07 on Monday. The firm has a fifty day simple moving average of $85.27 and a two-hundred day simple moving average of $92.08. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $13.75 billion, a P/E ratio of 45.91, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share 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 issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWK. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Citigroup decreased their price objective on shares of 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. Barclays decreased their price objective on shares of 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. Mizuho upgraded shares of 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. Finally, UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Company Profile

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.