4,343 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,343 shares of the industrial products company’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. UMB Bank n.a. grew its stake in Stanley Black & Decker by 4.7% during the third quarter. UMB Bank n.a. now owns 2,118 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 96 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Stanley Black & Decker by 0.8% in 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 purchasing an additional 100 shares during the last quarter. Castleview Partners LLC lifted its position in shares of Stanley Black & Decker by 3.9% in the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock worth $305,000 after buying an additional 103 shares in the last quarter. Empirical Finance LLC boosted its stake in Stanley Black & Decker by 2.1% during the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after buying an additional 111 shares during the last quarter. Finally, Advisors Management Group Inc. ADV increased its stake 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 acquiring an additional 117 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK opened at $89.25 on Friday. The business has a fifty day moving average of $100.13 and a 200 day moving average of $93.79. The stock has a market cap of $13.76 billion, a P/E ratio of -65.15, a PEG ratio of 2.37 and a beta of 1.25. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. 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 posted its quarterly 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. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company 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. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SWK shares. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. UBS Group upped their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective 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. Finally, JPMorgan Chase & Co. boosted their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $102.29.

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.