RB Capital Management LLC Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

RB Capital Management LLC lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.8% during the third quarter, Holdings Channel.com reports. The firm owned 9,731 shares of the industrial products company’s stock after acquiring an additional 170 shares during the period. RB Capital Management LLC’s holdings in Stanley Black & Decker were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SWK. CWM LLC grew its stake in shares of Stanley Black & Decker by 11.5% during the 2nd quarter. CWM LLC now owns 6,653 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 685 shares during the period. SG Americas Securities LLC grew its stake in shares of Stanley Black & Decker by 17.4% during the 2nd quarter. SG Americas Securities LLC now owns 19,126 shares of the industrial products company’s stock worth $1,528,000 after purchasing an additional 2,831 shares during the period. Czech National Bank grew its stake in shares of Stanley Black & Decker by 8.7% during the 2nd quarter. Czech National Bank now owns 29,323 shares of the industrial products company’s stock worth $2,343,000 after purchasing an additional 2,348 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stanley Black & Decker by 12.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock worth $6,176,000 after purchasing an additional 8,805 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in Stanley Black & Decker by 10.4% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 7,725 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 725 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley dropped their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Stock Up 1.6 %

Shares of SWK opened at $85.77 on Tuesday. The firm has a market cap of $13.22 billion, a P/E ratio of -62.61, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company’s 50-day moving average price is $96.05 and its 200 day moving average price is $93.75. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.82%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Stanley Black & Decker Company 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.