Goldman Sachs Group Inc. Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Goldman Sachs Group Inc. decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,678,340 shares of the industrial products company’s stock after selling 67,619 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Stanley Black & Decker were worth $164,645,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. First United Bank & Trust purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $25,000. Quarry LP acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $36,000. Principal Securities Inc. acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $38,000. Parkside Financial Bank & Trust increased its position in Stanley Black & Decker by 41.3% during the 3rd 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 in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares in the company, valued at approximately $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Price Performance

SWK stock traded down $2.34 during trading hours on Friday, hitting $83.55. 855,873 shares of the stock traded hands, compared to its average volume of 1,245,977. The stock has a 50-day simple moving average of $88.21 and a 200 day simple moving average of $91.54. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The company has a market cap of $12.86 billion, a P/E ratio of -121.09, a P/E/G ratio of 2.27 and a beta of 1.29. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business posted ($0.41) earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 3.88%. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SWK shares. Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, Barclays lowered Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.44.

About Stanley Black & Decker

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.