Fmr LLC Has $101.66 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Fmr LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 40.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 923,118 shares of the industrial products company’s stock after acquiring an additional 267,723 shares during the period. Fmr LLC owned approximately 0.60% of Stanley Black & Decker worth $101,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SWK. Rise Advisors LLC grew its stake in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker in the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after buying an additional 237 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 2.5 %

Shares of NYSE SWK opened at $86.03 on Thursday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.26 billion, a P/E ratio of -62.80, a P/E/G ratio of 2.40 and a beta of 1.23. The business has a 50-day simple moving average of $97.50 and a two-hundred day simple moving average of $93.77.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 EPS. Research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders 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 dividend yield of 3.81%. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent analyst reports. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Barclays lifted their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.29.

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.