International Assets Investment Management LLC Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

International Assets Investment Management LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14,394.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,657 shares of the industrial products company’s stock after acquiring an additional 390,941 shares during the period. International Assets Investment Management LLC owned about 0.26% of Stanley Black & Decker worth $43,353,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SWK. Sei Investments Co. grew its stake in Stanley Black & Decker by 11.0% in the 1st quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company’s stock worth $13,454,000 after acquiring an additional 13,659 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after buying an additional 11,151 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Stanley Black & Decker by 6.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 297 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Stanley Black & Decker by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock worth $11,920,000 after acquiring an additional 7,826 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Stanley Black & Decker by 196.9% during the first quarter. Russell Investments Group Ltd. now owns 106,499 shares of the industrial products company’s stock worth $10,429,000 after purchasing an additional 70,625 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SWK. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. UBS Group boosted their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Morgan Stanley began coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and a consensus price target of $104.43.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $101.98 on Monday. The firm has a fifty day simple moving average of $103.57 and a 200-day simple moving average of $93.67. The company has a market capitalization of $15.69 billion, a PE ratio of -147.80, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $76.57 and a twelve month high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating 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 company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm earned ($0.11) earnings per share. The company’s revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -475.36%.

Insider Transactions at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker 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.