Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,478 shares of the industrial products company’s stock after selling 536 shares during the quarter. Private Advisor Group LLC’s holdings in Stanley Black & Decker were worth $1,154,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC boosted its stake in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SWK shares. Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price 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. Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group boosted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Up 0.5 %

NYSE:SWK opened at $93.38 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The company has a market cap of $14.40 billion, a PE ratio of -68.16, a PEG ratio of 2.53 and a beta of 1.24. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a 50-day simple moving average of $103.28 and a 200 day simple moving average of $93.77.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business 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 $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.51%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Stanley Black & Decker Profile

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.