Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,030,210 shares of the industrial products company's stock after buying an additional 12,305 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of Stanley Black & Decker worth $113,457,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SWK. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker in the second quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after buying an additional 237 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker during the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in Stanley Black & Decker during the 3rd quarter worth approximately $72,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK traded down $2.98 during mid-day trading on Tuesday, reaching $89.54. 1,289,774 shares of the company's stock traded hands, compared to its average volume of 1,453,656. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The stock has a market capitalization of $13.80 billion, a P/E ratio of -65.36, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The business's 50-day moving average price is $99.66 and its 200-day moving average price is $93.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping 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 company 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 posted $1.05 EPS. The firm's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.66%. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

Analyst Ratings Changes

Several research firms recently issued reports on SWK. JPMorgan Chase & Co. upped their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research report on Monday, August 5th. Barclays lifted their price target 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. The Goldman Sachs Group increased their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price 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, StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $102.29.

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.