Stanley Black & Decker, Inc. (NYSE:SWK) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,579,852 shares of the industrial products company's stock after buying an additional 35,100 shares during the period. Geode Capital Management LLC owned 2.32% of Stanley Black & Decker worth $392,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SWK. Rise Advisors LLC increased 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 buying an additional 133 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 237 shares during the period. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker during the third quarter worth approximately $59,000. Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker in the third quarter worth approximately $72,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Stanley Black & Decker by 27.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 141 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Up 0.1 %

Shares of SWK stock traded up $0.09 during trading hours on Friday, reaching $82.80. 1,223,208 shares of the stock traded hands, compared to its average volume of 1,461,874. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $12.76 billion, a PE ratio of -60.44, a PEG ratio of 2.26 and a beta of 1.23. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The business has a fifty day moving average price of $94.04 and a 200 day moving average price of $93.63.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced 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. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The company's revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.96%. Stanley Black & Decker's payout ratio is presently -239.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SWK shares. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Morgan Stanley cut 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. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, Barclays lifted 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and a consensus target price of $102.29.

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.