Toronto Dominion Bank Purchases 15,054 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Toronto Dominion Bank boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,567 shares of the industrial products company's stock after buying an additional 15,054 shares during the quarter. Toronto Dominion Bank's holdings in Stanley Black & Decker were worth $7,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 worth $29,000 after acquiring an additional 133 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after buying an additional 237 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $56,000. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker in the third quarter valued at about $59,000. Finally, AM Squared Ltd bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $72,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Up 0.1 %

NYSE:SWK traded up $0.09 during trading hours on Friday, hitting $82.80. The stock had a trading volume of 1,223,208 shares, compared to its average volume of 1,577,493. The business's 50 day moving average is $94.04 and its 200-day moving average is $93.71. The company has a market cap of $12.76 billion, a price-to-earnings ratio of -60.44, a P/E/G ratio of 2.24 and a beta of 1.23. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year 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 released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating 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 negative net margin of 1.33% and a positive return on equity of 6.44%. The firm's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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 given a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price 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. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Barclays raised their price target 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. Finally, Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company 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.