HighTower Advisors LLC Lowers Position in Stanley Black & Decker, Inc. (NYSE:SWK)

HighTower Advisors LLC reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,109 shares of the industrial products company’s stock after selling 1,435 shares during the period. HighTower Advisors LLC’s holdings in Stanley Black & Decker were worth $5,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SWK. Rise Advisors LLC boosted its position in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the second quarter worth about $32,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $42,000 after buying an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 2.2 %

Shares of NYSE SWK opened at $83.90 on Wednesday. The firm’s 50 day moving average price is $96.05 and its 200 day moving average price is $93.75. 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 firm has a market cap of $12.93 billion, a P/E ratio of -61.24, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced 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 yield of 3.91%. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SWK. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Barclays raised their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group increased 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 report on Thursday, October 10th. Finally, Robert W. Baird cut their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average 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.