Hardman Johnston Global Advisors LLC Reduces Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Hardman Johnston Global Advisors LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,823 shares of the industrial products company's stock after selling 6,945 shares during the quarter. Hardman Johnston Global Advisors LLC owned 0.10% of Stanley Black & Decker worth $16,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Rise Advisors LLC boosted its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after purchasing an additional 133 shares during the last quarter. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its position 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 worth $42,000 after acquiring an additional 237 shares during the period. Summit Securities Group LLC bought a new position in Stanley Black & Decker in the second quarter worth approximately $56,000. Finally, Waldron Private Wealth LLC bought a new position in Stanley Black & Decker in the third quarter worth approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Barclays increased 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. Robert W. Baird decreased 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 report on Wednesday, October 30th. Wells Fargo & Company decreased their price objective 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. Finally, Morgan Stanley decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Price Performance

SWK traded down $4.66 during trading on Wednesday, hitting $92.04. 5,743,851 shares of the company traded hands, compared to its average volume of 1,430,658. The company has a market cap of $14.19 billion, a PE ratio of -67.18, a P/E/G ratio of 2.55 and a beta of 1.25. The stock's 50-day simple moving average is $102.92 and its two-hundred day simple moving average is $93.90. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

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

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.56%. Stanley Black & Decker's payout ratio is -239.42%.

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.