World Investment Advisors LLC Invests $229,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

World Investment Advisors LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,075 shares of the industrial products company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in shares of Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 513 shares during the period. Toronto Dominion Bank lifted its stake in Stanley Black & Decker by 29.8% during the third quarter. Toronto Dominion Bank now owns 65,567 shares of the industrial products company’s stock worth $7,221,000 after purchasing an additional 15,054 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $265,000. RB Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 1.8% in the 3rd quarter. RB Capital Management LLC now owns 9,731 shares of the industrial products company’s stock worth $1,072,000 after buying an additional 170 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Stanley Black & Decker by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after buying an additional 35,100 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SWK shares. Morgan Stanley dropped 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 note on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of 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. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Robert W. Baird dropped 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $103.25.

Stanley Black & Decker Stock Up 0.5 %

NYSE:SWK opened at $79.43 on Friday. The stock’s fifty day moving average price is $91.99 and its two-hundred day moving average price is $93.45. The company has a market cap of $12.25 billion, a price-to-earnings ratio of -57.98, a P/E/G ratio of 2.24 and a beta of 1.23. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week 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.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. The business 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%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.05 earnings per share. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 4.13%. Stanley Black & Decker’s payout ratio is presently -239.42%.

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.