Moors & Cabot Inc. Has $506,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Moors & Cabot Inc. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,590 shares of the industrial products company’s stock after selling 536 shares during the period. Moors & Cabot Inc.’s holdings in Stanley Black & Decker were worth $506,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after purchasing an additional 11,151 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Stanley Black & Decker by 6.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 121,614 shares of the industrial products company’s stock valued at $11,920,000 after buying an additional 7,826 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 worth $6,176,000 after acquiring an additional 8,805 shares during the last quarter. Tidal Investments LLC increased its position in 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 acquiring an additional 9,323 shares in the last quarter. Finally, ORG Partners LLC raised its stake 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 worth $628,000 after acquiring an additional 7,278 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SWK shares. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. UBS Group upped their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. 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. Finally, The Goldman Sachs Group upped their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One investment 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.com, the stock has an average rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $89.25 on Friday. The stock has a market cap of $13.76 billion, a PE ratio of -65.15, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The stock has a 50-day moving average of $100.13 and a 200-day moving average of $93.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88.

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 the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business’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 earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.13 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. Shareholders 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 yield of 3.68%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%.

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.