Alliancebernstein L.P. Has $42.88 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Alliancebernstein L.P. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 15.5% in the 4th quarter, HoldingsChannel reports. The firm owned 534,110 shares of the industrial products company’s stock after selling 97,942 shares during the period. Alliancebernstein L.P.’s holdings in Stanley Black & Decker were worth $42,884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $117,231,000. State Street Corp increased its holdings in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Stanley Black & Decker by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 19,186,011 shares of the industrial products company’s stock valued at $1,540,445,000 after purchasing an additional 495,103 shares during the period. Amundi lifted its stake in shares of Stanley Black & Decker by 124.7% during the 4th quarter. Amundi now owns 807,859 shares of the industrial products company’s stock worth $65,889,000 after buying an additional 448,411 shares during the last quarter. Finally, National Pension Service boosted its holdings in shares of Stanley Black & Decker by 485.1% during the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after buying an additional 240,752 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 2.9 %

SWK opened at $62.78 on Friday. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $57.77 and a twelve month high of $110.88. The company has a 50-day simple moving average of $83.50 and a 200 day simple moving average of $89.14.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.23%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective for the company. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays lowered their price objective on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $102.20.

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 Outdoor and Industrial segments.