Exencial Wealth Advisors LLC Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Exencial Wealth Advisors LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 22.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,853 shares of the industrial products company’s stock after selling 13,650 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $8,837,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock valued at $75,624,000 after acquiring an additional 5,840 shares during the period. Cardinal Capital Management Inc. increased its holdings in shares of Stanley Black & Decker by 1.6% in the 4th quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock valued at $11,672,000 after acquiring an additional 985 shares during the period. Twinbeech Capital LP increased its holdings in shares of Stanley Black & Decker by 992.8% in the 3rd quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock valued at $2,171,000 after acquiring an additional 11,248 shares during the period. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock worth $313,165,000 after buying an additional 8,985 shares during the last quarter. Finally, Tower Bridge Advisors grew its stake in Stanley Black & Decker by 15.8% during the 4th quarter. Tower Bridge Advisors now owns 10,593 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 1,445 shares during the last quarter. Institutional investors and hedge funds own 88.60% of the company’s stock.

Several research analysts recently weighed in on SWK shares. Mizuho downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $222.00 to $145.00 in a research note on Friday, April 29th. TheStreet downgraded Stanley Black & Decker from a “b-” rating to a “c+” rating in a research note on Wednesday, March 30th. Barclays dropped their target price on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Robert W. Baird dropped their target price on Stanley Black & Decker from $230.00 to $188.00 in a research note on Monday, April 25th. Finally, StockNews.com upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $170.69.

In related news, CAO Jocelyn Belisle sold 3,244 shares of the company’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $157.71, for a total value of $511,611.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Stephen Subasic sold 6,611 shares of the company’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $155.91, for a total value of $1,030,721.01. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Shares of SWK stock traded up $1.14 on Friday, hitting $121.61. The company had a trading volume of 1,485,842 shares, compared to its average volume of 2,411,080. The firm has a market cap of $18.36 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37. The company has a 50-day moving average price of $138.66 and a 200-day moving average price of $165.76. The company has a quick ratio of 0.32, a current ratio of 0.89 and a debt-to-equity ratio of 0.61. Stanley Black & Decker, Inc. has a twelve month low of $117.53 and a twelve month high of $219.59.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.40. The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.13 EPS. Equities research analysts expect that Stanley Black & Decker, Inc. will post 10.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 6th. This represents a $3.16 annualized dividend and a dividend yield of 2.60%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 37.53%.

About Stanley Black & Decker (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Further Reading

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.