New South Capital Management Inc. Acquires 16,229 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

New South Capital Management Inc. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 7.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,219 shares of the industrial products company's stock after purchasing an additional 16,229 shares during the quarter. New South Capital Management Inc. owned approximately 0.15% of Stanley Black & Decker worth $26,015,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its stake in Stanley Black & Decker by 23.7% in the 1st quarter. Empowered Funds LLC now owns 3,229 shares of the industrial products company's stock valued at $316,000 after purchasing an additional 618 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Stanley Black & Decker by 99.6% during the 1st quarter. SG Americas Securities LLC now owns 16,295 shares of the industrial products company's stock worth $1,596,000 after acquiring an additional 8,133 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Stanley Black & Decker by 3.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,178 shares of the industrial products company's stock worth $703,000 after acquiring an additional 267 shares in the last quarter. Forsta AP Fonden lifted its stake in Stanley Black & Decker by 22.6% in the first quarter. Forsta AP Fonden now owns 40,100 shares of the industrial products company's stock valued at $3,927,000 after buying an additional 7,400 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Stanley Black & Decker by 11.0% in the first quarter. Sei Investments Co. now owns 137,385 shares of the industrial products company's stock valued at $13,454,000 after purchasing an additional 13,659 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 3.0 %

Shares of SWK traded down $2.72 during midday trading on Tuesday, hitting $87.48. The stock had a trading volume of 1,938,803 shares, compared to its average volume of 1,441,593. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The stock's 50 day moving average is $102.23 and its 200 day moving average is $93.95. The firm has a market cap of $13.49 billion, a PE ratio of -63.92, a price-to-earnings-growth ratio of 2.42 and a beta of 1.25.

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. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business's quarterly revenue was down 5.1% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SWK shares. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research report on Monday, August 5th. Barclays lifted their target price 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. Wells Fargo & Company lowered their price target 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. UBS Group lifted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Finally, Robert W. Baird reduced their price objective on 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus 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.