Allen Wealth Management LLC Raises Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Allen Wealth Management LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,179 shares of the industrial products company’s stock after purchasing an additional 846 shares during the period. Stanley Black & Decker comprises approximately 1.3% of Allen Wealth Management LLC’s holdings, making the stock its 16th largest holding. Allen Wealth Management LLC’s holdings in Stanley Black & Decker were worth $1,892,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SWK. UMB Bank n.a. raised its position in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after buying an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after acquiring an additional 100 shares during the period. Castleview Partners LLC lifted its position in Stanley Black & Decker by 3.9% in the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 103 shares during the period. Rise Advisors LLC boosted its stake in 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 purchasing an additional 133 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Stanley Black & Decker by 27.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $93.38 on Friday. The stock has a market cap of $14.40 billion, a PE ratio of -68.16, a price-to-earnings-growth ratio of 2.51 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 has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $103.28 and a 200-day simple moving average of $93.79.

Stanley Black & Decker (NYSE:SWK) last released its 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 company had revenue of $3.75 billion for 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 business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Analysts Set New Price Targets

SWK has been the subject of several research reports. StockNews.com raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group boosted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Barclays upped 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. One 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. Based on data from MarketBeat, Stanley Black & Decker currently has an average 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.