New South Capital Management Inc. Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

New South Capital Management Inc. lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,219 shares of the industrial products company’s stock after acquiring an additional 16,229 shares during the quarter. New South Capital Management Inc.’s holdings in Stanley Black & Decker were worth $26,015,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position 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 worth $1,055,000 after purchasing an additional 100 shares during the last quarter. Castleview Partners LLC raised its position in shares of 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 last quarter. Advisors Management Group Inc. ADV raised its position in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 117 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered 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 note on Wednesday, October 30th. Robert W. Baird decreased 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, StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Down 1.4 %

Shares of Stanley Black & Decker stock traded down $1.23 during trading on Tuesday, reaching $88.97. The company had a trading volume of 21,598 shares, compared to its average volume of 1,432,831. The company has a market cap of $13.72 billion, a price-to-earnings ratio of -65.84, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25. The firm’s fifty day moving average is $102.23 and its 200-day moving average is $93.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.69%. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

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.