Stifel Financial Corp Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Stifel Financial Corp decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 784,651 shares of the industrial products company's stock after selling 13,487 shares during the quarter. Stifel Financial Corp owned 0.51% of Stanley Black & Decker worth $86,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 282.1% in the first quarter. Cetera Advisors LLC now owns 8,009 shares of the industrial products company's stock worth $784,000 after acquiring an additional 5,913 shares during the last quarter. CWM LLC increased its holdings in shares of Stanley Black & Decker by 11.5% during the second quarter. CWM LLC now owns 6,653 shares of the industrial products company's stock worth $531,000 after buying an additional 685 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Stanley Black & Decker by 17.4% in the 2nd quarter. SG Americas Securities LLC now owns 19,126 shares of the industrial products company's stock valued at $1,528,000 after acquiring an additional 2,831 shares during the last quarter. Czech National Bank grew its position in Stanley Black & Decker by 8.7% during the 2nd quarter. Czech National Bank now owns 29,323 shares of the industrial products company's stock worth $2,343,000 after acquiring an additional 2,348 shares during the last quarter. Finally, Martin Capital Partners LLC bought a new position in Stanley Black & Decker in the second quarter valued at about $513,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Morgan Stanley dropped their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. 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 report on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned 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

SWK traded down $0.47 during trading on Friday, hitting $84.46. 1,956,514 shares of the company traded hands, compared to its average volume of 1,588,405. The firm has a market cap of $13.02 billion, a P/E ratio of -61.65, a price-to-earnings-growth ratio of 2.32 and a beta of 1.23. 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 stock's fifty day moving average is $96.53 and its 200 day moving average is $93.71.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the business posted $1.05 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 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 $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.88%. Stanley Black & Decker's dividend payout ratio is currently -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.