MONECO Advisors LLC Buys 4,138 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

MONECO Advisors LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 127.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,375 shares of the industrial products company’s stock after purchasing an additional 4,138 shares during the period. MONECO Advisors LLC’s holdings in Stanley Black & Decker were worth $812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Stanley Black & Decker by 4.7% during the 3rd quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock valued at $233,000 after buying an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 100 shares during the last quarter. Castleview Partners LLC grew its stake in Stanley Black & Decker by 3.9% during the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 103 shares in the last quarter. Rise Advisors LLC increased its holdings in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Stanley Black & Decker by 27.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 660 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SWK. The Goldman Sachs Group boosted 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. Robert W. Baird upped their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Morgan Stanley began coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 target price for the company. Barclays boosted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker has a consensus rating of “Hold” and a consensus price target of $104.43.

Stanley Black & Decker Trading Down 8.8 %

NYSE:SWK opened at $93.89 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. The firm has a 50-day simple moving average of $103.62 and a 200-day simple moving average of $93.75. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The firm has a market cap of $14.46 billion, a P/E ratio of -48.40, a P/E/G ratio of 2.71 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.49%. Stanley Black & Decker’s dividend payout ratio is presently -169.07%.

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.