Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,158 shares of the industrial products company’s stock after acquiring an additional 322 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Stanley Black & Decker were worth $1,119,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SWK. Kinloch Capital LLC increased its stake in shares of Stanley Black & Decker by 9.8% in the first quarter. Kinloch Capital LLC now owns 40,399 shares of the industrial products company’s stock valued at $3,956,000 after purchasing an additional 3,603 shares during the period. Redwood Investment Management LLC raised its stake in Stanley Black & Decker by 7.5% during the 1st quarter. Redwood Investment Management LLC now owns 23,838 shares of the industrial products company’s stock valued at $2,334,000 after acquiring an additional 1,662 shares in the last quarter. Tidal Investments LLC boosted its position in Stanley Black & Decker by 252.2% during the 1st quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock worth $1,275,000 after acquiring an additional 9,323 shares during the period. Citizens Financial Group Inc. RI bought a new position in shares of Stanley Black & Decker in the first quarter worth $274,000. Finally, Wahed Invest LLC raised its stake in shares of Stanley Black & Decker by 14.7% during the first quarter. Wahed Invest LLC now owns 2,993 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 383 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

SWK has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Performance

SWK opened at $89.25 on Friday. The business has a fifty day simple moving average of $100.13 and a 200-day simple moving average of $93.79. The firm has a market cap of $13.76 billion, a PE ratio of -65.15, a P/E/G ratio of 2.37 and a beta of 1.25. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results 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. 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 analysts’ expectations of $3.80 billion. During the same quarter last year, the business posted $1.05 EPS. Stanley Black & Decker’s revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is -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.