Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Cadence Bank

Cadence Bank lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,710 shares of the industrial products company’s stock after purchasing an additional 282 shares during the period. Cadence Bank’s holdings in Stanley Black & Decker were worth $6,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SWK. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Stanley Black & Decker by 60.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock valued at $2,353,000 after purchasing an additional 11,151 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in 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 valued at $6,176,000 after acquiring an additional 8,805 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Stanley Black & Decker by 252.2% in the 1st quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 9,323 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Stanley Black & Decker by 921.3% in the second quarter. ORG Partners LLC now owns 8,068 shares of the industrial products company’s stock valued at $628,000 after purchasing an additional 7,278 shares during the period. Finally, New South Capital Management Inc. lifted its holdings in shares of Stanley Black & Decker by 7.4% during the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock worth $26,015,000 after purchasing an additional 16,229 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of 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. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Robert W. Baird reduced their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Barclays increased 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 report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Trading Down 3.2 %

Shares of SWK opened at $89.54 on Wednesday. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. 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 company has a 50-day moving average of $99.66 and a two-hundred day moving average of $93.87.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.66%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -239.42%.

Stanley Black & Decker 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.