Public Sector Pension Investment Board Boosts Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Public Sector Pension Investment Board raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,682 shares of the industrial products company’s stock after buying an additional 800 shares during the period. Public Sector Pension Investment Board’s holdings in Stanley Black & Decker were worth $736,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC increased 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 purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its position in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker in the third quarter worth about $59,000. Finally, Armstrong Advisory Group Inc. purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Down 0.6 %

SWK opened at $84.46 on Friday. The company has a market capitalization of $13.02 billion, a PE ratio of -61.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.23. The firm has a 50-day simple moving average of $96.53 and a two-hundred day simple moving average of $93.71. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88.

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

Stanley Black & Decker Announces Dividend

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 given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.88%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SWK. Barclays raised their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Morgan Stanley dropped their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $102.29.

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.