Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,423 shares of the industrial products company’s stock after selling 2,105 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Stanley Black & Decker were worth $4,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Achmea Investment Management B.V. purchased a new position in Stanley Black & Decker during the first quarter worth about $36,000. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $33,000. ICA Group Wealth Management LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $37,000. 1832 Asset Management L.P. purchased a new position in Stanley Black & Decker in the first quarter worth approximately $69,000. Finally, Castleview Partners LLC increased its stake in Stanley Black & Decker by 343.4% during the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SWK shares. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their target price 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. Barclays upped their price target on 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, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $89.32 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The business’s fifty day simple moving average is $91.46 and its 200-day simple moving average is $90.63.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter last year, the company earned ($0.10) EPS. Stanley Black & Decker’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Stanley Black & Decker Company 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.