Citizens Business Bank Has $3.78 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Citizens Business Bank reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,551 shares of the industrial products company’s stock after selling 2,847 shares during the quarter. Citizens Business Bank’s holdings in Stanley Black & Decker were worth $3,782,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SWK. Venturi Wealth Management LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after buying an additional 231 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Stanley Black & Decker during the third quarter worth $44,000. ING Groep NV bought a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $45,000. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Stanley Black & Decker by 41.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 160 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Up 0.5 %

Shares of Stanley Black & Decker stock traded up $0.46 on Tuesday, hitting $91.42. 2,636,275 shares of the company’s stock traded hands, compared to its average volume of 1,314,984. The company has a fifty day moving average of $91.60 and a two-hundred day moving average of $91.20. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21. The company has a market capitalization of $14.06 billion, a price-to-earnings ratio of -43.74, a price-to-earnings-growth ratio of 2.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the business earned ($0.10) EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 4th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Barclays increased their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Robert W. Baird cut their price target on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.11.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.