Inscription Capital LLC Acquires Shares of 2,287 Stanley Black & Decker, Inc. (NYSE:SWK)

Inscription Capital LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,287 shares of the industrial products company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWK. Rise Advisors LLC increased its holdings in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC bought a new stake in Stanley Black & Decker during the second quarter worth $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SWK. UBS Group upped their price objective 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. Barclays raised their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, Morgan Stanley started coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $104.43.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $102.92 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a market cap of $15.85 billion, a PE ratio of -53.05, a price-to-earnings-growth ratio of 2.71 and a beta of 1.24. The firm’s fifty day moving average is $103.68 and its 200-day moving average is $93.74.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.11) EPS. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.18 earnings per share 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. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.19%. Stanley Black & Decker’s payout ratio is -169.07%.

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.