8,226 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,226 shares of the industrial products company's stock, valued at approximately $906,000.

A number of other institutional investors have also recently modified their holdings of the stock. Rise Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 237 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker in the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in Stanley Black & Decker during the 3rd quarter valued at $72,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of recent research reports. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Barclays boosted their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 2nd. Robert W. Baird dropped 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 note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $102.29.

Stanley Black & Decker Trading Down 2.2 %

Shares of NYSE:SWK traded down $1.90 during trading on Tuesday, reaching $83.90. 1,745,564 shares of the company were exchanged, compared to its average volume of 1,464,117. 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 has a market capitalization of $12.93 billion, a PE ratio of -61.24, a P/E/G ratio of 2.28 and a beta of 1.23. The business's fifty day simple moving average is $96.05 and its 200-day simple moving average is $93.75. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating 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 business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm 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 3.91%. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

About Stanley Black & Decker

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.