Stanley Black & Decker, Inc. (NYSE:SWK) is NFJ Investment Group LLC’s 10th Largest Position

NFJ Investment Group LLC lessened its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 495,056 shares of the industrial products company’s stock after selling 65,284 shares during the quarter. Stanley Black & Decker comprises 1.6% of NFJ Investment Group LLC’s portfolio, making the stock its 10th largest holding. NFJ Investment Group LLC’s holdings in Stanley Black & Decker were worth $54,521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. IHT Wealth Management LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter valued at about $309,000. Investment Management Corp of Ontario boosted its stake in shares of Stanley Black & Decker by 53.4% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,171 shares of the industrial products company’s stock valued at $569,000 after buying an additional 1,800 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Stanley Black & Decker by 0.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 666,759 shares of the industrial products company’s stock worth $73,430,000 after acquiring an additional 2,745 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter worth about $388,000. Finally, Clean Energy Transition LLP raised its position in shares of Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after acquiring an additional 652,780 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWK. Barclays raised their target price on 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. Robert W. Baird cut their target price 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. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on 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. Finally, Morgan Stanley reduced 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock traded down $0.68 during trading hours on Tuesday, hitting $88.39. 185,907 shares of the company were exchanged, compared to its average volume of 1,440,383. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $98.28 and a 200-day moving average of $93.83. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of -65.01, a P/E/G ratio of 2.41 and a beta of 1.23.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Stanley Black & Decker Company 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.