Cerity Partners LLC Raises Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Cerity Partners LLC lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 106.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,463 shares of the industrial products company's stock after buying an additional 17,756 shares during the period. Cerity Partners LLC's holdings in Stanley Black & Decker were worth $3,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company's stock worth $233,000 after purchasing an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company's stock worth $1,055,000 after buying an additional 100 shares in the last quarter. Castleview Partners LLC increased its holdings in Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company's stock valued at $305,000 after buying an additional 103 shares during the period. Empirical Finance LLC raised its stake in shares of Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock valued at $581,000 after buying an additional 111 shares in the last quarter. Finally, Advisors Management Group Inc. ADV lifted its holdings in shares of Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after acquiring an additional 117 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on SWK shares. Barclays increased their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. increased their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a report on Monday, August 5th. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $102.29.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock traded down $0.32 on Friday, reaching $89.45. The company's stock had a trading volume of 523,987 shares, compared to its average volume of 1,447,207. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month 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 business's fifty day moving average price is $98.65 and its 200 day moving average price is $93.81. The company has a market cap of $13.79 billion, a price-to-earnings ratio of -65.29, a PEG ratio of 2.42 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business's revenue was down 5.1% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 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 $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.67%. Stanley Black & Decker's payout ratio is -239.42%.

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.