New South Capital Management Inc. Boosts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

New South Capital Management Inc. raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 236,219 shares of the industrial products company’s stock after purchasing an additional 16,229 shares during the quarter. New South Capital Management Inc. owned 0.15% of Stanley Black & Decker worth $26,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in Stanley Black & Decker by 4.7% in the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 96 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Stanley Black & Decker by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after purchasing an additional 100 shares during the period. Castleview Partners LLC raised its holdings in Stanley Black & Decker by 3.9% in the 3rd quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 103 shares during the period. Advisors Management Group Inc. ADV raised its holdings in Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 117 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Stanley Black & Decker by 1.4% during the third quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock valued at $1,039,000 after acquiring an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on SWK. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Robert W. Baird cut 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 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 increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their price objective 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Stock Down 1.4 %

Stanley Black & Decker stock traded down $1.23 during midday trading on Tuesday, reaching $88.97. The company’s stock had a trading volume of 21,598 shares, compared to its average volume of 1,432,831. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.72 billion, a P/E ratio of -65.84, a P/E/G ratio of 2.42 and a beta of 1.25. The business has a 50-day simple moving average of $102.23 and a 200-day simple moving average of $93.95.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results 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 business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

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 dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently -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.