Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 43.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,343 shares of the industrial products company’s stock after buying an additional 11,085 shares during the quarter. Creative Planning’s holdings in Stanley Black & Decker were worth $4,002,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citizens Business Bank boosted its holdings in Stanley Black & Decker by 0.9% in the first quarter. Citizens Business Bank now owns 38,912 shares of the industrial products company’s stock valued at $3,811,000 after purchasing an additional 361 shares in the last quarter. Chapin Davis Inc. boosted its holdings 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 purchasing an additional 819 shares in the last quarter. Applied Capital LLC FL boosted its holdings in Stanley Black & Decker by 4.3% in the first quarter. Applied Capital LLC FL now owns 9,585 shares of the industrial products company’s stock valued at $939,000 after purchasing an additional 394 shares in the last quarter. Eagle Ridge Investment Management boosted its holdings in Stanley Black & Decker by 41.8% in the first quarter. Eagle Ridge Investment Management now owns 4,298 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in Stanley Black & Decker by 5.9% in the first quarter. Olstein Capital Management L.P. now owns 72,000 shares of the industrial products company’s stock valued at $7,051,000 after purchasing an additional 4,000 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $101.98 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $76.57 and a 12 month high of $110.88. 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 $103.47 and a 200-day simple moving average of $93.64. The stock has a market capitalization of $15.70 billion, a PE ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24.

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

Stanley Black & Decker Dividend Announcement

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 issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -169.07%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SWK shares. UBS Group upped their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley started coverage on Stanley Black & Decker in a research note on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Finally, Robert W. Baird boosted their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One equities research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.13.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction 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 owns 31,960 shares of the company’s stock, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.