Stifel Financial Corp Has $86.41 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Stifel Financial Corp cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 784,651 shares of the industrial products company’s stock after selling 13,487 shares during the quarter. Stifel Financial Corp owned about 0.51% of Stanley Black & Decker worth $86,414,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its holdings in shares of Stanley Black & Decker by 282.1% during the 1st quarter. Cetera Advisors LLC now owns 8,009 shares of the industrial products company’s stock valued at $784,000 after acquiring an additional 5,913 shares during the last quarter. CWM LLC boosted its position in Stanley Black & Decker by 11.5% during the second quarter. CWM LLC now owns 6,653 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 685 shares during the period. SG Americas Securities LLC raised its position in shares of Stanley Black & Decker by 17.4% in the second quarter. SG Americas Securities LLC now owns 19,126 shares of the industrial products company’s stock valued at $1,528,000 after purchasing an additional 2,831 shares during the period. Czech National Bank lifted its stake in shares of Stanley Black & Decker by 8.7% in the second quarter. Czech National Bank now owns 29,323 shares of the industrial products company’s stock worth $2,343,000 after buying an additional 2,348 shares during the last quarter. Finally, Martin Capital Partners LLC bought a new stake in shares of Stanley Black & Decker during the 2nd quarter worth $513,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Down 0.5 %

Shares of SWK stock opened at $84.50 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The stock has a 50 day moving average of $97.04 and a two-hundred day moving average of $93.71. 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 the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.88%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Barclays boosted their price objective on 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. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley lowered their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.29.

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.