FourThought Financial LLC Sells 156 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

FourThought Financial LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 18.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 713 shares of the industrial products company’s stock after selling 156 shares during the quarter. FourThought Financial LLC’s holdings in Stanley Black & Decker were worth $54,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SWK. Panagora Asset Management Inc. boosted its position in Stanley Black & Decker by 3.5% during the first quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock worth $397,000 after purchasing an additional 96 shares during the period. Kinneret Advisory LLC boosted its position in Stanley Black & Decker by 2.3% during the first quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock worth $610,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. boosted its position in Stanley Black & Decker by 15.4% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 102 shares during the period. Cetera Investment Advisers boosted its position in Stanley Black & Decker by 4.5% during the first quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 112 shares during the period. Finally, Edmond DE Rothschild Holding S.A. boosted its position in Stanley Black & Decker by 14.7% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 973 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 125 shares during the period. Institutional investors own 88.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SWK shares. Morgan Stanley increased their target price on shares of Stanley Black & Decker from $78.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Mizuho increased their price target on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, January 13th. Barclays increased their price target on shares of Stanley Black & Decker from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Sunday, February 5th. Credit Suisse Group increased their price target on shares of Stanley Black & Decker from $79.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. Finally, UBS Group lowered their price target on shares of Stanley Black & Decker from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.75.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 2,581 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $85.73, for a total transaction of $221,269.13. Following the transaction, the senior vice president now directly owns 36,352 shares of the company’s stock, valued at $3,116,456.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.93% of the company’s stock.

Stanley Black & Decker Trading Down 3.2 %

Shares of SWK opened at $77.69 on Friday. The firm’s 50 day simple moving average is $86.21 and its 200 day simple moving average is $81.89. The company has a market capitalization of $11.89 billion, a P/E ratio of 11.44, a P/E/G ratio of 10.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.32. Stanley Black & Decker, Inc. has a 1-year low of $70.24 and a 1-year high of $151.82.

Stanley Black & Decker (NYSE:SWK – Get Rating) last announced its earnings results on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.23. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.88 billion. Stanley Black & Decker had a net margin of 6.24% and a return on equity of 8.08%. Stanley Black & Decker’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $2.14 earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 0.83 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Monday, March 6th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 47.13%.

Stanley Black & Decker Company Profile

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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.