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MML Investors Services LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK – Get Rating) by 32.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,129 shares of the industrial products company’s stock after selling 7,602 shares during the period. MML Investors Services LLC’s holdings in Stanley Black & Decker were worth $1,213,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Stanley Black & Decker by 17.5% in the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock worth $2,603,393,000 after purchasing an additional 2,774,661 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stanley Black & Decker by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,039,425 shares of the industrial products company’s stock valued at $604,645,000 after acquiring an additional 59,090 shares during the last quarter. State Street Corp raised its stake in shares of Stanley Black & Decker by 3.6% during the second quarter. State Street Corp now owns 7,836,207 shares of the industrial products company’s stock valued at $821,705,000 after acquiring an additional 269,754 shares during the last quarter. FMR LLC raised its stake in shares of Stanley Black & Decker by 6.6% during the second quarter. FMR LLC now owns 2,696,439 shares of the industrial products company’s stock valued at $282,749,000 after acquiring an additional 166,731 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Stanley Black & Decker by 741.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,031,238 shares of the industrial products company’s stock valued at $212,996,000 after acquiring an additional 1,789,905 shares during the last quarter. 88.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SWK shares. Citigroup raised shares of Stanley Black & Decker from a “sell” rating to a “neutral” rating and upped their price objective for the company from $69.00 to $106.00 in a research note on Friday, February 3rd. They noted that the move was a valuation call. Wells Fargo & Company upped their price objective on shares of Stanley Black & Decker from $93.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, February 3rd. Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Stanley Black & Decker from $79.00 to $99.00 in a research report on Friday, February 3rd. Finally, Morgan Stanley boosted their price target on shares of Stanley Black & Decker from $78.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $102.50.

Insider Transactions at Stanley Black & Decker

Stanley Black & Decker Price Performance

Shares of SWK opened at $85.48 on Friday. The stock has a market cap of $13.08 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 11.19 and a beta of 1.31. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.32 and a current ratio of 1.21. Stanley Black & Decker, Inc. has a fifty-two week low of $70.24 and a fifty-two week high of $168.30. The firm’s 50-day simple moving average is $84.88 and its two-hundred day simple moving average is $83.07.

Stanley Black & Decker (NYSE:SWK – Get Rating) last issued its earnings results on Thursday, February 2nd. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.23. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.88 billion. Stanley Black & Decker had a net margin of 6.24% and a return on equity of 8.08%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 earnings per share. Analysts anticipate that Stanley Black & Decker, Inc. will post 0.83 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, March 21st. Stockholders of record on Tuesday, March 7th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $3.20 annualized dividend and a dividend yield of 3.74%. Stanley Black & Decker’s dividend payout ratio is presently 47.13%.

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.

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