Franklin Resources Inc. Raises Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Franklin Resources Inc. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,099 shares of the industrial products company's stock after purchasing an additional 18,776 shares during the quarter. Franklin Resources Inc. owned 0.11% of Stanley Black & Decker worth $18,298,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Rise Advisors LLC increased its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after buying an additional 133 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Stanley Black & Decker by 81.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the 2nd quarter worth approximately $56,000. Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $59,000. Finally, AM Squared Ltd acquired a new position in Stanley Black & Decker during the second quarter worth $72,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of 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. Barclays increased their target price 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. StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird cut their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $103.25.

Stanley Black & Decker Trading Up 3.2 %

NYSE:SWK traded up $2.57 on Friday, reaching $82.00. The stock had a trading volume of 4,889,482 shares, compared to its average volume of 1,480,515. The company has a market cap of $12.64 billion, a price-to-earnings ratio of -59.85, a P/E/G ratio of 2.24 and a beta of 1.23. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The firm's fifty day moving average is $91.47 and its two-hundred day moving average is $93.42.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. During the same period in the previous year, the company earned $1.05 EPS. Stanley Black & Decker's revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.00%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) 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.