Stanley Black & Decker, Inc. (NYSE:SWK) Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 177,100 shares of the industrial products company’s stock after purchasing an additional 5,493 shares during the period. Principal Financial Group Inc. owned 0.12% of Stanley Black & Decker worth $19,504,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SWK. Advisors Management Group Inc. ADV lifted its holdings in Stanley Black & Decker by 3.2% in the third 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 during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at $218,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Stanley Black & Decker during the 3rd quarter worth about $268,000. Greenwood Capital Associates LLC raised its holdings in Stanley Black & Decker by 1.4% during the third quarter. Greenwood Capital Associates LLC now owns 12,087 shares of the industrial products company’s stock worth $1,331,000 after purchasing an additional 168 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of Stanley Black & Decker by 11.1% in the third quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company’s stock valued at $45,315,000 after buying an additional 41,043 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.4 %

Shares of SWK opened at $85.82 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The firm has a market capitalization of $13.23 billion, a P/E ratio of -62.88, a P/E/G ratio of 2.35 and a beta of 1.25. The company has a 50-day simple moving average of $101.71 and a 200-day simple moving average of $93.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company 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 dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group upped 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. Robert W. Baird reduced 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. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.