Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Cadence Bank

Cadence Bank raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 61,710 shares of the industrial products company’s stock after purchasing an additional 282 shares during the quarter. Cadence Bank’s holdings in Stanley Black & Decker were worth $6,796,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Rise Advisors LLC raised its position in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after buying an additional 133 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares in the last quarter. Summit Securities Group LLC purchased a new position in Stanley Black & Decker in the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in Stanley Black & Decker during the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SWK. UBS Group upped their price target 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. Morgan Stanley lowered their price objective 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. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Finally, 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 report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Down 3.2 %

Shares of NYSE SWK opened at $89.54 on Wednesday. The stock’s 50 day moving average price is $99.66 and its two-hundred day moving average price is $93.87. 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, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion during 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 firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors 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 3.66%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

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.