Bleakley Financial Group LLC Invests $340,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Bleakley Financial Group LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,090 shares of the industrial products company’s stock, valued at approximately $340,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Assets Advisory LLC bought a new stake in Stanley Black & Decker in the 1st quarter valued at $1,870,000. Clarity Financial LLC raised its stake in Stanley Black & Decker by 1.9% in the 1st quarter. Clarity Financial LLC now owns 139,935 shares of the industrial products company’s stock valued at $13,704,000 after acquiring an additional 2,672 shares during the period. Lincoln Capital Corp bought a new stake in Stanley Black & Decker in the 1st quarter valued at $3,126,000. Citizens Business Bank raised its stake in Stanley Black & Decker by 0.9% in the 1st quarter. Citizens Business Bank now owns 38,912 shares of the industrial products company’s stock valued at $3,811,000 after acquiring an additional 361 shares during the period. Finally, Chapin Davis Inc. raised its stake in Stanley Black & Decker by 28.3% in the 1st quarter. Chapin Davis Inc. now owns 3,714 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 819 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK opened at $104.83 on Wednesday. The firm has a market cap of $16.14 billion, a P/E ratio of -54.04, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24. Stanley Black & Decker, Inc. has a 52-week low of $76.57 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The business’s fifty day moving average is $103.19 and its 200-day moving average is $93.51.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.11) EPS. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal 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 $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.13%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -169.07%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group increased their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Robert W. Baird increased their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $106.13.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

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.