Weiss Asset Management LP Acquires New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Weiss Asset Management LP purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,743 shares of the industrial products company's stock, valued at approximately $1,844,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company's stock worth $233,000 after purchasing an additional 96 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company's stock worth $1,055,000 after buying an additional 100 shares during the last quarter. Castleview Partners LLC boosted its holdings in shares of Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company's stock valued at $305,000 after buying an additional 103 shares in the last quarter. Empirical Finance LLC grew its position in shares of Stanley Black & Decker by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock valued at $581,000 after buying an additional 111 shares during the last quarter. Finally, Advisors Management Group Inc. ADV raised its stake in Stanley Black & Decker by 3.2% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company's stock worth $421,000 after acquiring an additional 117 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research analyst reports. Morgan Stanley decreased their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Barclays increased their price objective 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. Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Stock Performance

NYSE:SWK traded down $0.47 during mid-day trading on Friday, reaching $84.46. The stock had a trading volume of 1,956,514 shares, compared to its average volume of 1,588,405. 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 business has a 50 day simple moving average of $96.53 and a 200 day simple moving average of $93.71. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of -61.65, a PEG ratio of 2.32 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share 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 given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.88%. Stanley Black & Decker's 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.