Franklin Resources Inc. Purchases 18,776 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

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

A number of other institutional investors also recently modified their holdings of the business. Synovus Financial Corp acquired a new position in Stanley Black & Decker during the third quarter worth about $307,000. Wilmington Savings Fund Society FSB bought a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $602,000. World Investment Advisors LLC bought a new stake in shares of Stanley Black & Decker during the third quarter worth $229,000. Sunbelt Securities Inc. increased its holdings in shares of Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company's stock worth $72,000 after buying an additional 513 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Stanley Black & Decker by 29.8% in the 3rd quarter. Toronto Dominion Bank now owns 65,567 shares of the industrial products company's stock valued at $7,221,000 after acquiring an additional 15,054 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Trading Up 3.2 %

NYSE SWK traded up $2.57 during mid-day trading on Friday, reaching $82.00. 4,889,482 shares of the stock were exchanged, compared to its average volume of 1,480,515. 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 stock has a market cap of $12.64 billion, a P/E ratio of -59.85, a P/E/G ratio of 2.24 and a beta of 1.23. The stock has a 50 day simple moving average of $91.47 and a 200-day simple moving average of $93.49. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) 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 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Wall Street Analyst Weigh In

Several research firms have commented on SWK. StockNews.com downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Robert W. Baird decreased their price target 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. Barclays raised 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 research note on Wednesday, October 2nd. Finally, Morgan Stanley decreased their price objective on 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $103.25.

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.