Citizens Financial Group Inc. RI Takes $478,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Citizens Financial Group Inc. RI acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 4,343 shares of the industrial products company’s stock, valued at approximately $478,000.

A number of other large investors also recently bought and sold shares of the business. Rise Advisors LLC increased its holdings in shares of Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the period. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 81.4% during 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 during the last quarter. Summit Securities Group LLC bought a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at about $56,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker during the 3rd quarter worth approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. UBS Group upped their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley dropped their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $89.25 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a market cap of $13.76 billion, a PE ratio of -65.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.25. The stock’s 50 day simple moving average is $100.13 and its 200-day simple moving average is $93.79.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during 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%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 earnings per share. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently announced 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. This represents a $3.28 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend 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.