Barclays PLC Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Barclays PLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 30.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,337 shares of the industrial products company’s stock after purchasing an additional 100,894 shares during the quarter. Barclays PLC owned 0.28% of Stanley Black & Decker worth $47,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock valued at $233,000 after buying an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stanley Black & Decker by 0.8% during the 2nd 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 in the last quarter. Castleview Partners LLC boosted its position in Stanley Black & Decker by 3.9% during the 3rd 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. Empirical Finance LLC increased its holdings in Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after purchasing an additional 111 shares in the last quarter. Finally, Advisors Management Group Inc. ADV raised its position in Stanley Black & Decker by 3.2% in the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 1.3 %

NYSE SWK opened at $82.71 on Friday. The company’s fifty day moving average price is $95.03 and its two-hundred day moving average price is $93.67. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month 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.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays boosted their target price 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. Morgan Stanley lowered 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. Finally, Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.29.

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.