Lyell Wealth Management LP Sells 510 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Lyell Wealth Management LP lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,426 shares of the industrial products company’s stock after selling 510 shares during the period. Lyell Wealth Management LP’s holdings in Stanley Black & Decker were worth $532,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC acquired a new stake in shares of Stanley Black & Decker in the third quarter worth $33,000. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 80.5% in the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 231 shares during the period. Headlands Technologies LLC bought a new position in Stanley Black & Decker in the third quarter worth $44,000. ING Groep NV bought a new position in Stanley Black & Decker in the third quarter worth $45,000. Finally, Parkside Financial Bank & Trust lifted its position in Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.4 %

NYSE SWK traded down $1.25 during trading on Thursday, hitting $89.02. The stock had a trading volume of 1,647,828 shares, compared to its average volume of 1,284,990. The company has a market capitalization of $13.69 billion, a PE ratio of -43.40, a P/E/G ratio of 2.45 and a beta of 1.34. The company’s 50-day moving average price is $91.53 and its two-hundred day moving average price is $90.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the business posted ($0.10) EPS. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research report on Tuesday, February 6th. Robert W. Baird lowered their price objective on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker 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.