Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Citizens Business Bank

Citizens Business Bank lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,551 shares of the industrial products company’s stock after selling 2,847 shares during the quarter. Citizens Business Bank’s holdings in Stanley Black & Decker were worth $3,782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stanley Black & Decker by 80.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 231 shares during the period. Headlands Technologies LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $44,000. ING Groep NV purchased a new stake in shares of Stanley Black & Decker in the third quarter valued at about $45,000. Finally, Parkside Financial Bank & Trust increased its position in Stanley Black & Decker by 41.3% during 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 last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $0.46 during midday trading on Tuesday, reaching $91.42. 2,636,275 shares of the company were exchanged, compared to its average volume of 1,314,984. The stock has a market cap of $14.06 billion, a P/E ratio of -43.74, a PEG ratio of 2.42 and a beta of 1.34. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21. The stock has a fifty day simple moving average of $91.60 and a 200 day simple moving average of $91.20. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -155.77%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Wells Fargo & Company decreased their price objective on shares of 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 given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.