Dakota Wealth Management Acquires 26,663 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Dakota Wealth Management grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 394.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,427 shares of the industrial products company’s stock after buying an additional 26,663 shares during the quarter. Dakota Wealth Management’s holdings in Stanley Black & Decker were worth $3,681,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Stanley Black & Decker by 7.3% in the first 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after buying an additional 212,103 shares in the last quarter. ProShare Advisors LLC boosted its position in Stanley Black & Decker by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after buying an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Stanley Black & Decker by 18.9% in 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 buying an additional 267,013 shares during the period. Finally, Cooke & Bieler LP lifted its stake in shares of Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after acquiring an additional 69,850 shares during the period. 87.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SWK shares. Robert W. Baird lifted their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price target on the stock. Finally, UBS Group upped their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $106.13.

Stanley Black & Decker Trading Down 0.9 %

NYSE:SWK opened at $101.98 on Friday. The business’s 50-day simple moving average is $103.47 and its 200-day simple moving average is $93.64. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The stock has a market capitalization of $15.70 billion, a PE ratio of -52.57, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed 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. This represents a $3.28 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is presently -169.07%.

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.