First Citizens Bank & Trust Co. Trims Stake in Stanley Black & Decker, Inc. (SWK)

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First Citizens Bank & Trust Co. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 49.5% in the 1st quarter, Holdings Channel reports. The firm owned 3,291 shares of the industrial products company’s stock after selling 3,224 shares during the period. First Citizens Bank & Trust Co.’s holdings in Stanley Black & Decker were worth $448,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Phocas Financial Corp. purchased a new stake in shares of Stanley Black & Decker in the 4th quarter valued at about $63,000. Norges Bank purchased a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $164,721,000. Lindbrook Capital LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $41,000. Comerica Bank raised its stake in Stanley Black & Decker by 1.9% during the 4th quarter. Comerica Bank now owns 33,916 shares of the industrial products company’s stock valued at $4,183,000 after acquiring an additional 619 shares during the last quarter. Finally, JOYN Advisors Inc. raised its stake in Stanley Black & Decker by 76.5% during the 4th quarter. JOYN Advisors Inc. now owns 542 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 235 shares during the last quarter. 88.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on SWK shares. Wells Fargo & Co reduced their price objective on Stanley Black & Decker from $150.00 to $141.00 and set an “outperform” rating for the company in a research note on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research note on Friday, January 11th. Raymond James reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 23rd. Zacks Investment Research reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Monday, December 31st. Finally, Barclays lowered their price target on Stanley Black & Decker from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, December 17th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $155.00.

Shares of NYSE:SWK opened at $146.17 on Monday. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.55 and a current ratio of 1.14. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $158.47.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.01. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. Stanley Black & Decker’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 8.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 600 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the sale, the senior vice president now owns 35,048 shares in the company, valued at approximately $4,159,847.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Ansell sold 9,549 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $145.01, for a total value of $1,384,700.49. Following the sale, the executive vice president now owns 42,213 shares in the company, valued at approximately $6,121,307.13. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,164 shares of company stock worth $3,403,579. 1.03% of the stock is owned by insiders.

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Stanley Black & Decker Company 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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