M&T Bank Corp Sells 830 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

M&T Bank Corp trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 27,808 shares of the industrial products company’s stock after selling 830 shares during the quarter. M&T Bank Corp’s holdings in Stanley Black & Decker were worth $2,233,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new position in Stanley Black & Decker during the 4th quarter valued at about $36,000. Cape Investment Advisory Inc. grew its holdings in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth about $44,000. Finally, Crews Bank & Trust bought a new position in Stanley Black & Decker in the 4th quarter worth about $49,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Up 4.6 %

NYSE:SWK opened at $89.07 on Monday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a 50 day moving average of $85.27 and a 200 day moving average of $92.08. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 45.91, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 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 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. Stanley Black & Decker’s payout ratio is 169.07%.

Analyst Ratings Changes

A number of equities analysts have commented on SWK shares. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price on the stock. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, Barclays lowered their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and an average price target of $103.00.

About Stanley Black & Decker

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.