Assetmark Inc. Boosts Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Assetmark Inc. lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,438 shares of the industrial products company’s stock after buying an additional 130 shares during the period. Assetmark Inc.’s holdings in Stanley Black & Decker were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rise Advisors LLC raised its stake in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in Stanley Black & Decker in the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC lifted 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 during the last quarter. Summit Securities Group LLC purchased a new stake in Stanley Black & Decker during the second quarter valued at about $56,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker during the third quarter valued at about $59,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. 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 research note on Thursday, October 10th. Robert W. Baird cut 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 report on Wednesday, October 30th. Finally, UBS Group increased their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Price Performance

SWK opened at $85.82 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.23 billion, a price-to-earnings ratio of -62.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.25. The stock has a fifty day simple moving average of $101.71 and a two-hundred day simple moving average of $93.88. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.82%. Stanley Black & Decker’s payout ratio is presently -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.