Allworth Financial LP Sells 293 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Allworth Financial LP cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,162 shares of the industrial products company’s stock after selling 293 shares during the quarter. Allworth Financial LP’s holdings in Stanley Black & Decker were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC grew its stake in shares of 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 purchasing an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC bought a new position in Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.0 %

SWK stock opened at $93.86 on Thursday. The business has a 50-day moving average of $103.52 and a 200-day moving average of $93.75. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The stock has a market capitalization of $14.45 billion, a P/E ratio of -48.38, a P/E/G ratio of 2.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last posted 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 negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -169.07%.

Analyst Upgrades and Downgrades

SWK has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays raised their price objective on 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 target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday. StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Monday. Finally, Robert W. Baird decreased their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.