Mach 1 Financial Group LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Mach 1 Financial Group LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,220 shares of the industrial products company’s stock, valued at approximately $355,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWK. Price T Rowe Associates Inc. MD boosted its stake in shares of Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after purchasing an additional 1,250,925 shares during the last quarter. International Assets Investment Management LLC boosted its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock worth $43,353,000 after acquiring an additional 390,941 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after acquiring an additional 267,013 shares during the period. Sabal Trust CO acquired a new position in Stanley Black & Decker in the 2nd quarter valued at $19,878,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Barclays boosted their target price 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Trading Down 1.9 %

NYSE SWK opened at $90.17 on Friday. 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, Inc. has a one year low of $77.70 and a one year high of $110.88. The company’s 50 day moving average price is $102.48 and its 200 day moving average price is $93.89.

Stanley Black & Decker (NYSE:SWK) last issued 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. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the firm posted $1.05 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.13 earnings per share 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 given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -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.