Barclays PLC Purchases 100,894 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Barclays PLC lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 30.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 427,337 shares of the industrial products company's stock after buying an additional 100,894 shares during the quarter. Barclays PLC owned about 0.28% of Stanley Black & Decker worth $47,061,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Clean Energy Transition LLP grew its position in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after acquiring an additional 652,780 shares during the period. State Street Corp grew its holdings in Stanley Black & Decker by 6.5% during the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after purchasing an additional 549,531 shares during the period. International Assets Investment Management LLC increased its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company's stock worth $43,353,000 after buying an additional 390,941 shares during the last quarter. FMR LLC raised its stake in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock valued at $101,663,000 after buying an additional 267,723 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after buying an additional 267,013 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of SWK stock traded up $0.09 during trading on Friday, hitting $82.80. The company had a trading volume of 1,222,995 shares, compared to its average volume of 1,461,874. The firm has a market capitalization of $12.76 billion, a P/E ratio of -60.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.23. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock's 50-day moving average price is $94.54 and its 200 day moving average price is $93.59.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released 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 firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company posted $1.05 EPS. The company's revenue was down 5.1% compared to the same quarter last year. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

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 issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Wall Street Analysts Forecast Growth

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

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.