Apollon Wealth Management LLC Invests $241,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Apollon Wealth Management LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,188 shares of the industrial products company’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of Stanley Black & Decker by 4.7% during the 3rd 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 period. Oregon Public Employees Retirement Fund boosted 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 valued at $1,055,000 after acquiring an additional 100 shares in the last quarter. Castleview Partners LLC boosted its position in shares of Stanley Black & Decker by 3.9% during the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 103 shares in the last quarter. Advisors Management Group Inc. ADV boosted its position in shares of 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 valued at $421,000 after acquiring an additional 117 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 1.3 %

Shares of NYSE SWK opened at $86.58 on Tuesday. The company’s 50 day simple moving average is $101.03 and its 200 day simple moving average is $93.82. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a market capitalization of $13.35 billion, a P/E ratio of -63.20, a P/E/G ratio of 2.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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 business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Stanley Black & Decker’s revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Announces Dividend

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 issued a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.79%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SWK shares. Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. UBS Group upped their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average target price 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.