Goldman Sachs Group Inc. Has $164.65 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Goldman Sachs Group Inc. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,678,340 shares of the industrial products company’s stock after selling 67,619 shares during the period. Goldman Sachs Group Inc. owned about 1.09% of Stanley Black & Decker worth $164,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SWK. M&T Bank Corp boosted its position in Stanley Black & Decker by 0.3% during the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock worth $3,705,000 after buying an additional 113 shares during the period. Crestwood Advisors Group LLC lifted its position in shares of Stanley Black & Decker by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 117 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of 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 purchasing an additional 140 shares during the period. Kinloch Capital LLC lifted its position in shares of Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock worth $3,150,000 after purchasing an additional 141 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Stanley Black & Decker by 41.3% in 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 during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Stanley Black & Decker Price Performance

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

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.41) EPS. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

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 $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker’s payout ratio is -469.56%.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of Stanley Black & Decker stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by insiders.

Stanley Black & Decker Company 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.