Clarity Financial LLC Sells 89,424 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Clarity Financial LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,051 shares of the industrial products company's stock after selling 89,424 shares during the period. Stanley Black & Decker accounts for approximately 1.7% of Clarity Financial LLC's investment portfolio, making the stock its 20th biggest position. Clarity Financial LLC owned approximately 0.09% of Stanley Black & Decker worth $14,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Rise Advisors LLC grew its stake in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Stanley Black & Decker in the second quarter valued at about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the third quarter valued at about $59,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SWK. Robert W. Baird decreased their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley reduced 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 note on Wednesday, October 30th. 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 note on Wednesday, October 30th. UBS Group increased their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Finally, Barclays increased their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. One 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 MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $102.29.

Stanley Black & Decker Stock Performance

Shares of SWK stock traded up $2.27 on Tuesday, reaching $96.69. The company had a trading volume of 1,332,162 shares, compared to its average volume of 1,410,500. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business's 50-day moving average is $103.15 and its 200 day moving average is $93.86.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results 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 firm 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%. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.39%. Stanley Black & Decker's dividend payout ratio (DPR) is presently -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.