Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 58.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,798 shares of the industrial products company’s stock after selling 899,042 shares during the period. Pictet Asset Management SA’s holdings in Stanley Black & Decker were worth $121,433,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Stanley Black & Decker by 6.9% during the 4th quarter. Signaturefd LLC now owns 915 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 59 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of Stanley Black & Decker by 3.6% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,720 shares of the industrial products company’s stock valued at $324,000 after buying an additional 60 shares during the period. CX Institutional grew its stake in shares of Stanley Black & Decker by 22.3% during the 3rd quarter. CX Institutional now owns 334 shares of the industrial products company’s stock valued at $59,000 after buying an additional 61 shares during the period. Arete Wealth Advisors LLC boosted its position in shares of Stanley Black & Decker by 1.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 3,600 shares of the industrial products company’s stock worth $672,000 after buying an additional 65 shares during the period. Finally, Insight Folios Inc grew its stake in shares of Stanley Black & Decker by 4.8% in the fourth quarter. Insight Folios Inc now owns 1,584 shares of the industrial products company’s stock valued at $299,000 after buying an additional 73 shares in the last quarter. Institutional investors own 88.60% of the company’s stock.

Shares of SWK stock opened at $121.61 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $117.53 and a 12 month high of $219.59. The firm has a market cap of $18.36 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.31 and a beta of 1.37. The stock has a 50 day moving average of $138.66 and a 200-day moving average of $165.76. The company has a quick ratio of 0.32, a current ratio of 0.89 and a debt-to-equity ratio of 0.61.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.40. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same period in the previous year, the company earned $3.13 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 10.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be issued a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, June 6th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.60%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 37.53%.

In related news, SVP Stephen Subasic sold 6,611 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $155.91, for a total value of $1,030,721.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jocelyn Belisle sold 3,244 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $157.71, for a total value of $511,611.24. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

A number of research analysts recently commented on the company. The Goldman Sachs Group reduced their price target on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. TheStreet cut Stanley Black & Decker from a “b-” rating to a “c+” rating in a research report on Wednesday, March 30th. Credit Suisse Group assumed coverage on Stanley Black & Decker in a research report on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 target price on the stock. Bank of America lowered their price target on Stanley Black & Decker from $165.00 to $140.00 and set an “underperform” rating on the stock in a research report on Wednesday, March 9th. Finally, Robert W. Baird lowered their price target on Stanley Black & Decker from $230.00 to $188.00 in a research report on Monday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.69.

Stanley Black & Decker Company Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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