Tuttle Tactical Management LLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,078 shares of the industrial products company’s stock after selling 1,569 shares during the period. Tuttle Tactical Management LLC’s holdings in Stanley Black & Decker were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sawtooth Solutions LLC purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $264,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Stanley Black & Decker by 50.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,685 shares of the industrial products company’s stock worth $1,474,000 after purchasing an additional 2,900 shares during the last quarter. Banco de Sabadell S.A purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $309,000. Wealthsource Partners LLC purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $224,000. Finally, Meitav Dash Investments Ltd. purchased a new stake in Stanley Black & Decker in the fourth quarter worth approximately $1,170,000. 84.00% of the stock is owned by institutional investors.
In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of Stanley Black & Decker stock in a transaction on Monday, March 5th. The shares were sold at an average price of $151.44, for a total value of $497,328.96. Following the sale, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.69% of the company’s stock.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.89%. Stanley Black & Decker’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. equities research analysts predict that Stanley Black & Decker, Inc. will post 8.42 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were issued a $0.63 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.63%. Stanley Black & Decker’s dividend payout ratio is currently 31.30%.
SWK has been the topic of several analyst reports. ValuEngine cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. UBS initiated coverage on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. They set a “buy” rating and a $200.00 price target on the stock. Seaport Global Securities reiterated a “buy” rating and set a $193.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $190.00 price target on shares of Stanley Black & Decker in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and a consensus target price of $180.35.
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About Stanley Black & Decker
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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