Creative Planning Boosts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Creative Planning grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 22,871 shares of the industrial products company’s stock after acquiring an additional 531 shares during the period. Creative Planning’s holdings in Stanley Black & Decker were worth $3,303,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Mercantile Trust Co. lifted its position in Stanley Black & Decker by 2.3% in the 3rd quarter. First Mercantile Trust Co. now owns 6,220 shares of the industrial products company’s stock valued at $898,000 after acquiring an additional 139 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in Stanley Black & Decker by 7.6% in the 3rd quarter. Citizens Financial Group Inc RI now owns 1,310 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 92 shares in the last quarter. Mackay Shields LLC lifted its position in Stanley Black & Decker by 0.3% in the 3rd quarter. Mackay Shields LLC now owns 27,483 shares of the industrial products company’s stock valued at $3,969,000 after acquiring an additional 82 shares in the last quarter. Synovus Financial Corp lifted its position in Stanley Black & Decker by 169.5% in the 3rd quarter. Synovus Financial Corp now owns 5,406 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 3,400 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Stanley Black & Decker by 55.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 17,198 shares of the industrial products company’s stock valued at $2,484,000 after acquiring an additional 6,126 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

NYSE SWK opened at $157.84 on Friday. The business’s fifty day moving average price is $147.26 and its 200-day moving average price is $142.23. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.46 and a beta of 1.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.98 and a quick ratio of 0.47. Stanley Black & Decker, Inc. has a 1-year low of $110.54 and a 1-year high of $162.15.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.10. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.80%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.39 EPS for the current year.

The company 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 $0.69 per share. The ex-dividend date is Wednesday, November 27th. This represents a $2.76 annualized dividend and a dividend yield of 1.75%. Stanley Black & Decker’s payout ratio is 33.87%.

Stanley Black & Decker declared that its board has authorized a stock repurchase plan on Thursday, October 24th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several equities analysts recently issued reports on SWK shares. Nomura upped their price objective on Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wolfe Research set a $160.00 price objective on Stanley Black & Decker and gave the company a “hold” rating in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on Stanley Black & Decker from $161.00 to $158.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $157.47.

In other news, insider John H. Wyatt sold 17,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $159.87, for a total transaction of $2,797,725.00. Following the transaction, the insider now directly owns 66,351 shares of the company’s stock, valued at approximately $10,607,534.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert H. Raff, Jr. sold 3,661 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $151.36, for a total value of $554,128.96. Following the transaction, the insider now directly owns 14,099 shares in the company, valued at $2,134,024.64. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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