KCM Investment Advisors LLC Sells 285 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

KCM Investment Advisors LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,776 shares of the industrial products company’s stock after selling 285 shares during the quarter. KCM Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $6,261,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SWK. Amundi Pioneer Asset Management Inc. boosted its stake in Stanley Black & Decker by 55.4% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,086,092 shares of the industrial products company’s stock valued at $511,488,000 after acquiring an additional 1,100,720 shares during the last quarter. Stifel Financial Corp boosted its stake in Stanley Black & Decker by 78.0% in the fourth quarter. Stifel Financial Corp now owns 998,550 shares of the industrial products company’s stock valued at $164,815,000 after acquiring an additional 437,655 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Stanley Black & Decker by 31.2% in the fourth quarter. Pictet Asset Management Ltd. now owns 1,366,349 shares of the industrial products company’s stock valued at $226,459,000 after acquiring an additional 325,101 shares during the last quarter. Millennium Management LLC boosted its stake in Stanley Black & Decker by 468.1% in the third quarter. Millennium Management LLC now owns 390,805 shares of the industrial products company’s stock valued at $56,436,000 after acquiring an additional 322,009 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $47,170,000. 87.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SWK traded up $6.51 during midday trading on Thursday, reaching $104.77. The stock had a trading volume of 51,608 shares, compared to its average volume of 2,753,413. The firm has a 50 day simple moving average of $135.46 and a 200-day simple moving average of $150.65. Stanley Black & Decker, Inc. has a one year low of $70.00 and a one year high of $173.67. The firm has a market cap of $13.90 billion, a PE ratio of 16.32, a P/E/G ratio of 1.44 and a beta of 1.42. The company has a current ratio of 1.01, a quick ratio of 0.50 and a debt-to-equity ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.02. Stanley Black & Decker had a net margin of 6.62% and a return on equity of 16.97%. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the firm posted $2.11 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 8.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Monday, March 2nd. Stanley Black & Decker’s dividend payout ratio is 32.86%.

Several equities research analysts have weighed in on SWK shares. Deutsche Bank increased their target price on shares of Stanley Black & Decker from $166.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. UBS Group started coverage on shares of Stanley Black & Decker in a report on Thursday, December 12th. They issued a “buy” rating and a $200.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and issued a $185.00 target price on shares of Stanley Black & Decker in a report on Thursday, February 13th. ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Citigroup started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $205.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $167.13.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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