Stanley Black & Decker, Inc. (NYSE:SWK) is Clean Energy Transition LLP’s Largest Position

Clean Energy Transition LLP grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 49.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,984,184 shares of the industrial products company’s stock after purchasing an additional 652,780 shares during the quarter. Stanley Black & Decker makes up 11.2% of Clean Energy Transition LLP’s portfolio, making the stock its biggest position. Clean Energy Transition LLP owned 1.29% of Stanley Black & Decker worth $218,518,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after buying an additional 235,106 shares during the period. ProShare Advisors LLC lifted its stake in shares of Stanley Black & Decker by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after purchasing an additional 118,927 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 18.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares during the last quarter. Cooke & Bieler LP raised its holdings in Stanley Black & Decker by 4.8% in the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after purchasing an additional 69,850 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Stanley Black & Decker by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock valued at $113,457,000 after buying an additional 12,305 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $89.45 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The business has a fifty day moving average of $98.65 and a 200 day moving average of $93.84. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of -65.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. 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, topping analysts’ consensus estimates 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 the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm 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 dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.67%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of analyst reports. Barclays lifted 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 research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Morgan Stanley lowered their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company reduced 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. Finally, Robert W. Baird lowered their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.29.

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.