Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,239 shares of the industrial products company’s stock after selling 1,681 shares during the quarter. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $1,348,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% in the third 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 acquired a new position in Stanley Black & Decker during the second quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in Stanley Black & Decker by 81.4% during the second 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 in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker during the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

NYSE:SWK opened at $92.56 on Tuesday. 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 firm has a market cap of $14.27 billion, a PE ratio of -67.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company’s 50-day moving average price is $99.93 and its two-hundred day moving average price is $93.87.

Stanley Black & Decker (NYSE:SWK) last released its quarterly 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. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the company earned $1.05 EPS. Stanley Black & Decker’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors 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 dividend on an annualized basis and a dividend yield of 3.54%. Stanley Black & Decker’s dividend payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SWK shares. UBS Group upped their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Robert W. Baird lowered their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Barclays increased their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.