Allen Mooney & Barnes Investment Advisors LLC Has $2.85 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Allen Mooney & Barnes Investment Advisors LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,909 shares of the industrial products company’s stock after selling 221 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $2,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWK. Creative Planning increased its holdings in shares of Stanley Black & Decker by 43.9% during the 3rd quarter. Creative Planning now owns 36,343 shares of the industrial products company’s stock worth $4,002,000 after acquiring an additional 11,085 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Stanley Black & Decker during the third quarter worth $249,000. Procyon Advisors LLC acquired a new position in shares of Stanley Black & Decker in the third quarter valued at $255,000. Armstrong Advisory Group Inc. bought a new position in shares of Stanley Black & Decker in the third quarter valued at about $72,000. Finally, Rise Advisors LLC lifted its stake in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $108.85 on Tuesday. The company’s 50 day moving average price is $101.85 and its two-hundred day moving average price is $93.08. The firm has a market capitalization of $16.76 billion, a P/E ratio of -56.11, a P/E/G ratio of 2.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a dividend yield of 3.01%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is currently -169.07%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays increased 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. Finally, UBS Group lifted their price target on shares of 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.13.

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.