Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 33.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,266 shares of the industrial products company’s stock after purchasing an additional 823 shares during the quarter. Blue Trust Inc.’s holdings in Stanley Black & Decker were worth $360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in Stanley Black & Decker in the 1st quarter worth $1,870,000. Lincoln Capital Corp purchased a new position in shares of Stanley Black & Decker in the first quarter worth about $3,126,000. Citizens Business Bank lifted its holdings in shares of Stanley Black & Decker by 0.9% during the first quarter. Citizens Business Bank now owns 38,912 shares of the industrial products company’s stock worth $3,811,000 after purchasing an additional 361 shares during the period. Chapin Davis Inc. boosted its position in Stanley Black & Decker by 28.3% in the first quarter. Chapin Davis Inc. now owns 3,714 shares of the industrial products company’s stock valued at $364,000 after buying an additional 819 shares during the last quarter. Finally, Applied Capital LLC FL raised its position in Stanley Black & Decker by 4.3% during the 1st quarter. Applied Capital LLC FL now owns 9,585 shares of the industrial products company’s stock worth $939,000 after buying an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of Stanley Black & Decker stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock 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 target for the company. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.13.

Stanley Black & Decker Stock Down 1.5 %

Stanley Black & Decker stock opened at $103.28 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $76.57 and a 12 month high of $110.88. The stock has a market capitalization of $15.89 billion, a PE ratio of -149.68, a price-to-earnings-growth ratio of 2.83 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. The business has a 50 day simple moving average of $103.35 and a 200-day simple moving average of $93.58.

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

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.18%. Stanley Black & Decker’s payout ratio is -475.36%.

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.