Mizuho Securities USA LLC Increases Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Mizuho Securities USA LLC increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 519.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,482 shares of the industrial products company's stock after purchasing an additional 61,620 shares during the period. Mizuho Securities USA LLC's holdings in Stanley Black & Decker were worth $8,093,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company's stock worth $1,802,975,000 after acquiring an additional 1,250,925 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company's stock worth $218,399,000 after buying an additional 212,103 shares during the last quarter. ProShare Advisors LLC grew its position in Stanley Black & Decker by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company's stock valued at $158,501,000 after acquiring an additional 118,927 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after purchasing an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of Stanley Black & Decker by 4.8% during the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company's stock worth $121,867,000 after purchasing an additional 69,850 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 0.4 %

NYSE:SWK traded down $0.37 during mid-day trading on Friday, hitting $85.45. The company's stock had a trading volume of 1,524,996 shares, compared to its average volume of 2,101,437. The stock has a fifty day moving average of $101.22 and a 200-day moving average of $93.80. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

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 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 earnings per share. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's dividend payout ratio is -239.42%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group boosted 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. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research note on Monday, August 5th. Morgan Stanley dropped 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. Barclays raised their price objective on 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, Wells Fargo & Company cut their target price on 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 assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $102.29.

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.