1,963 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Acquired by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,963 shares of the industrial products company’s stock, valued at approximately $216,000.

Several other hedge funds also recently modified their holdings of SWK. Tidal Investments LLC boosted its holdings in Stanley Black & Decker by 252.2% during the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 9,323 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in Stanley Black & Decker in the 1st quarter valued at approximately $274,000. Wahed Invest LLC increased its position 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 worth $293,000 after buying an additional 383 shares during the period. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of 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 buying an additional 1,780 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $8,772,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SWK. Robert W. Baird cut 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 note on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price target on 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. UBS Group lifted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Up 3.7 %

Shares of SWK opened at $92.56 on Tuesday. The company has a market capitalization of $14.27 billion, a P/E ratio of -67.56, a PEG ratio of 2.41 and a beta of 1.25. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business’s 50 day simple moving average is $99.93 and its 200-day simple moving average is $93.87. 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 posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS 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 company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders 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 dividend yield of 3.54%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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.