Geode Capital Management LLC Buys 35,100 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Geode Capital Management LLC lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,579,852 shares of the industrial products company’s stock after purchasing an additional 35,100 shares during the quarter. Geode Capital Management LLC owned about 2.32% of Stanley Black & Decker worth $392,882,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in Stanley Black & Decker by 30.9% in the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock worth $47,061,000 after acquiring an additional 100,894 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Stanley Black & Decker by 9.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 457,828 shares of the industrial products company’s stock valued at $50,421,000 after purchasing an additional 40,976 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after buying an additional 127 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Stanley Black & Decker in the 3rd quarter worth about $2,484,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at about $775,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on SWK. Morgan Stanley reduced their price objective on 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. Wells Fargo & Company decreased their price target on 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. The Goldman Sachs Group lifted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock 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 note on Tuesday, November 5th. Finally, Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Trading Up 0.1 %

NYSE SWK opened at $82.80 on Friday. The stock has a market cap of $12.76 billion, a PE ratio of -60.44, a PEG ratio of 2.26 and a beta of 1.23. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company’s 50-day moving average price is $94.04 and its 200-day moving average price is $93.57. 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 issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. Stanley Black & Decker’s payout ratio is presently -239.42%.

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.