Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 43.9% during the third quarter, Holdings Channel reports. The fund owned 36,343 shares of the industrial products company’s stock after purchasing an additional 11,085 shares during the quarter. Creative Planning’s holdings in Stanley Black & Decker were worth $4,002,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Stanley Black & Decker during the third quarter worth about $249,000. Procyon Advisors LLC purchased a new position in Stanley Black & Decker during the third quarter worth about $255,000. Armstrong Advisory Group Inc. purchased a new position in Stanley Black & Decker during the third quarter worth about $72,000. Rise Advisors LLC lifted its position in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in Stanley Black & Decker by 256.9% during the third quarter. Exchange Traded Concepts LLC now owns 4,622 shares of the industrial products company’s stock worth $509,000 after buying an additional 3,327 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $101.98 on Friday. The stock’s 50 day moving average price is $103.47 and its 200 day moving average price is $93.64. The firm has a market capitalization of $15.70 billion, a PE ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a one year low of $76.57 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the company posted ($0.11) EPS. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.22%. Stanley Black & Decker’s dividend payout ratio is presently -169.07%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWK. Robert W. Baird increased their target price on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays lifted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Morgan Stanley assumed coverage on Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective on the stock. Finally, UBS Group lifted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.13.

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.