Independent Advisor Alliance Decreases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Independent Advisor Alliance lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 33.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,296 shares of the industrial products company’s stock after selling 4,127 shares during the period. Independent Advisor Alliance’s holdings in Stanley Black & Decker were worth $914,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its holdings in Stanley Black & Decker by 8.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 25,622 shares of the industrial products company’s stock valued at $2,822,000 after purchasing an additional 2,010 shares during the period. SevenBridge Financial Group LLC grew its stake in shares of Stanley Black & Decker by 3.3% in the 3rd quarter. SevenBridge Financial Group LLC now owns 10,158 shares of the industrial products company’s stock worth $1,119,000 after buying an additional 322 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Stanley Black & Decker by 88.5% in the 3rd quarter. Larson Financial Group LLC now owns 4,301 shares of the industrial products company’s stock worth $474,000 after buying an additional 2,019 shares during the last quarter. Sompo Asset Management Co. Ltd. grew its holdings in shares of Stanley Black & Decker by 14.2% during the third quarter. Sompo Asset Management Co. Ltd. now owns 85,043 shares of the industrial products company’s stock valued at $9,366,000 after buying an additional 10,580 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Stanley Black & Decker by 3.0% during the third quarter. Swedbank AB now owns 110,147 shares of the industrial products company’s stock valued at $12,130,000 after acquiring an additional 3,236 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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 report on Wednesday, October 2nd. Morgan Stanley reduced 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 research report on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird reduced their price target 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Trading Up 0.3 %

Shares of Stanley Black & Decker stock opened at $89.77 on Thursday. The company’s fifty day simple moving average is $99.36 and its 200-day simple moving average is $93.84. The stock has a market capitalization of $13.84 billion, a PE ratio of -65.53, a P/E/G ratio of 2.50 and a beta of 1.25. 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.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations 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 revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 EPS. As a group, equities analysts anticipate 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 paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend 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.