Stanley Black & Decker, Inc. (NYSE:SWK) Position Lessened by Tidal Investments LLC

Tidal Investments LLC lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 17.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,648 shares of the industrial products company’s stock after selling 2,299 shares during the quarter. Tidal Investments LLC’s holdings in Stanley Black & Decker were worth $1,173,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SWK. Wilmington Savings Fund Society FSB acquired a new position in shares of Stanley Black & Decker during the 3rd quarter worth $602,000. World Investment Advisors LLC acquired a new position in Stanley Black & Decker during the third quarter worth $229,000. Sunbelt Securities Inc. raised its holdings in Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock valued at $72,000 after buying an additional 513 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Stanley Black & Decker by 29.8% in the third quarter. Toronto Dominion Bank now owns 65,567 shares of the industrial products company’s stock worth $7,221,000 after buying an additional 15,054 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Stanley Black & Decker during the 3rd quarter worth about $265,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SWK. Morgan Stanley reduced their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Barclays upped 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 report on Wednesday, October 2nd. The Goldman Sachs Group lifted their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a report on Thursday. Finally, Robert W. Baird dropped their price objective on 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $103.25.

Stanley Black & Decker Stock Up 0.5 %

NYSE SWK opened at $79.43 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The stock has a market cap of $12.25 billion, a PE ratio of -57.98, a PEG ratio of 2.24 and a beta of 1.23. The firm has a 50-day simple moving average of $91.99 and a 200 day simple moving average of $93.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data 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 company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -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.