Natixis Advisors LLC Purchases 23,723 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Natixis Advisors LLC increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,419 shares of the industrial products company's stock after acquiring an additional 23,723 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Stanley Black & Decker worth $12,711,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SWK. Rise Advisors LLC boosted its holdings in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after buying an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its holdings in Stanley Black & Decker by 81.4% in the 2nd 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 in the last quarter. Summit Securities Group LLC acquired a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker during the third quarter worth approximately $59,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on SWK shares. The Goldman Sachs Group boosted their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Morgan Stanley decreased their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Barclays lifted 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 report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research note on Monday, August 5th. Finally, StockNews.com cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. One equities 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 stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of "Hold" and an average price target of $102.29.

Stanley Black & Decker Stock Up 0.2 %

NYSE SWK opened at $85.56 on Thursday. The firm's 50 day moving average is $100.58 and its 200-day moving average is $93.77. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. 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 released its quarterly 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 for the quarter, compared to analysts' expectations of $3.80 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business's revenue was down 5.1% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.83%. Stanley Black & Decker's payout ratio is presently -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.