Fmr LLC Has $101.66 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

FMR LLC increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 40.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 923,118 shares of the industrial products company's stock after purchasing an additional 267,723 shares during the quarter. FMR LLC owned approximately 0.60% of Stanley Black & Decker worth $101,663,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several research firms have commented on SWK. Robert W. Baird decreased their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company reduced 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 report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK stock traded down $1.09 during mid-day trading on Thursday, reaching $84.94. The company's stock had a trading volume of 2,599,809 shares, compared to its average volume of 1,455,145. 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 firm's 50-day moving average is $97.04 and its two-hundred day moving average is $93.71. 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 cap of $13.09 billion, a P/E ratio of -62.00, a PEG ratio of 2.38 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict 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. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's payout ratio is -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.