Victory Capital Management Inc. Grows Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Victory Capital Management Inc. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,250 shares of the industrial products company's stock after buying an additional 21,120 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Stanley Black & Decker worth $13,794,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SWK. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company's stock worth $1,802,975,000 after acquiring an additional 1,250,925 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 14,394.0% during the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company's stock valued at $43,353,000 after acquiring an additional 390,941 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after acquiring an additional 267,013 shares during the last quarter. Sabal Trust CO acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at approximately $19,878,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in Stanley Black & Decker by 8.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company's stock valued at $218,399,000 after buying an additional 212,103 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK traded down $0.89 during trading hours on Wednesday, reaching $85.42. The stock had a trading volume of 1,595,917 shares, compared to its average volume of 1,447,367. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The stock has a market capitalization of $13.17 billion, a PE ratio of -63.00, a PEG ratio of 2.30 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 company's 50-day moving average is $100.82 and its two-hundred day moving average is $93.83.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share 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 the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.84%. Stanley Black & Decker's dividend payout ratio is currently -239.42%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SWK shares. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an "underweight" rating in a research report on Monday, August 5th. Robert W. Baird dropped their price target 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. Barclays raised their price target on 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 cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th. Finally, 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 research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and a consensus target price of $102.29.

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.