Nisa Investment Advisors LLC Decreases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Nisa Investment Advisors LLC lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,817 shares of the industrial products company's stock after selling 6,203 shares during the quarter. Nisa Investment Advisors LLC's holdings in Stanley Black & Decker were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. Inscription Capital LLC purchased a new stake in Stanley Black & Decker in the third quarter worth approximately $252,000. Pointe Capital Management LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $223,000. Custom Index Systems LLC purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth $446,000. J.W. Cole Advisors Inc. bought a new stake in shares of Stanley Black & Decker in the third quarter worth $318,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Stanley Black & Decker by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 78,530 shares of the industrial products company's stock valued at $8,648,000 after acquiring an additional 1,225 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SWK shares. Robert W. Baird cut their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded up $0.44 during trading hours on Friday, hitting $93.38. The company's stock had a trading volume of 1,016,043 shares, compared to its average volume of 1,506,874. The company has a market cap of $14.40 billion, a PE ratio of -68.16, a PEG ratio of 2.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The business has a 50 day moving average price of $103.28 and a two-hundred day moving average price of $93.79. 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 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.51%. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

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.