Sanibel Captiva Trust Company Inc. Sells 11,920 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sanibel Captiva Trust Company Inc. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 24.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,417 shares of the industrial products company’s stock after selling 11,920 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Stanley Black & Decker were worth $3,004,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Rise Advisors LLC lifted its position in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in shares of Stanley Black & Decker in the third quarter valued at approximately $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $84.34 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The business’s fifty day moving average is $84.14 and its 200 day moving average is $93.17. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, November 29th were given a $0.82 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.89%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Analysts Set New Price Targets

A number of brokerages recently commented on SWK. Robert W. Baird dropped their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.25.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.