Alliancebernstein L.P. Sells 97,942 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Alliancebernstein L.P. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 534,110 shares of the industrial products company’s stock after selling 97,942 shares during the period. Alliancebernstein L.P. owned approximately 0.35% of Stanley Black & Decker worth $42,884,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SWK. Public Sector Pension Investment Board boosted its position in shares of Stanley Black & Decker by 13.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,682 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 800 shares during the last quarter. Paloma Partners Management Co bought a new position in Stanley Black & Decker during the third quarter worth about $259,000. Hilltop Holdings Inc. acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth about $388,000. Investment Management Corp of Ontario increased its stake in shares of Stanley Black & Decker by 53.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,171 shares of the industrial products company’s stock valued at $569,000 after acquiring an additional 1,800 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new position in Stanley Black & Decker during the 3rd quarter worth approximately $309,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWK has been the topic of several analyst reports. Citigroup cut their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Barclays lowered their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. UBS Group cut their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. 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 stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Price Performance

Shares of SWK opened at $62.78 on Friday. The company has a 50 day moving average of $83.50 and a 200-day moving average of $89.14. 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 $9.70 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a twelve month low of $57.77 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 5.23%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

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 Outdoor and Industrial segments.