Capital Performance Advisors LLP Acquires New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Capital Performance Advisors LLP bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 909 shares of the industrial products company’s stock, valued at approximately $100,000.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Stanley Black & Decker by 6.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,784 shares of the industrial products company’s stock valued at $2,819,000 after buying an additional 1,776 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Stanley Black & Decker by 3.5% during the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock valued at $544,000 after buying an additional 190 shares in the last quarter. Empowered Funds LLC boosted its holdings in Stanley Black & Decker by 23.7% in the 1st quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company’s stock worth $316,000 after buying an additional 618 shares during the period. SG Americas Securities LLC raised its holdings in Stanley Black & Decker by 99.6% during the first quarter. SG Americas Securities LLC now owns 16,295 shares of the industrial products company’s stock valued at $1,596,000 after acquiring an additional 8,133 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Stanley Black & Decker by 3.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,178 shares of the industrial products company’s stock valued at $703,000 after acquiring an additional 267 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 1.9 %

Shares of NYSE SWK opened at $90.17 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The business’s 50 day moving average is $102.48 and its two-hundred day moving average is $93.89. The stock has a market capitalization of $13.90 billion, a P/E ratio of -65.82, a PEG ratio of 2.47 and a beta of 1.25.

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 firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.64%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Analyst Ratings Changes

Several analysts recently issued reports on SWK shares. JPMorgan Chase & Co. lifted their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird dropped 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 research report on Wednesday, October 30th. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.