Charles Schwab Investment Management Inc. Acquires 12,305 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,030,210 shares of the industrial products company’s stock after acquiring an additional 12,305 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.67% of Stanley Black & Decker worth $113,457,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Stanley Black & Decker by 252.2% in the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 9,323 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in Stanley Black & Decker in the 1st quarter valued at about $274,000. Wahed Invest LLC raised its holdings in Stanley Black & Decker by 14.7% in the 1st quarter. Wahed Invest LLC now owns 2,993 shares of the industrial products company’s stock valued at $293,000 after acquiring an additional 383 shares during the period. Sanibel Captiva Trust Company Inc. lifted its position in Stanley Black & Decker by 3.1% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 59,218 shares of the industrial products company’s stock worth $5,799,000 after acquiring an additional 1,780 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $8,772,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays lifted their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group increased their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $92.56 on Tuesday. The company has a 50 day moving average of $99.93 and a 200-day moving average of $93.87. The company has a market cap of $14.27 billion, a PE ratio of -67.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the business posted $1.05 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

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.