Lowe Brockenbrough & Co. Inc. Reduces Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Lowe Brockenbrough & Co. Inc. reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.5% during the third quarter, HoldingsChannel.com reports. The firm owned 6,030 shares of the industrial products company’s stock after selling 558 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Stanley Black & Decker were worth $664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in Stanley Black & Decker by 81.4% in the second 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 bought a new stake in Stanley Black & Decker during the 2nd quarter valued at $56,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter worth $59,000. 87.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SWK. StockNews.com upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company cut 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. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays boosted their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their target price on 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, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $93.38 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a 50-day moving average of $103.28 and a two-hundred day moving average of $93.79. The stock has a market cap of $14.40 billion, a P/E ratio of -68.16, a P/E/G ratio of 2.51 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.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating 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 analyst estimates of $3.80 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is -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.