Hodges Capital Management Inc. Purchases Shares of 22,554 Stanley Black & Decker, Inc. (NYSE:SWK)

Hodges Capital Management Inc. bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,554 shares of the industrial products company's stock, valued at approximately $2,484,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after acquiring an additional 133 shares during the period. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after purchasing an additional 237 shares during the period. Waldron Private Wealth LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in Stanley Black & Decker during the third quarter worth about $72,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Barclays upped their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $1.31 during mid-day trading on Monday, hitting $85.77. The company had a trading volume of 2,734,026 shares, compared to its average volume of 1,462,657. 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, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of -62.61, a P/E/G ratio of 2.28 and a beta of 1.23. The stock's 50-day moving average price is $96.05 and its 200-day moving average price is $93.75.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $1.05 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

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.