Boston Family Office LLC Makes New $229,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Boston Family Office LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,083 shares of the industrial products company’s stock, valued at approximately $229,000.

Several other large investors have also modified their holdings of the company. Rise Advisors LLC lifted its position in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. AlphaMark Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after buying an additional 237 shares during the period. Waldron Private Wealth LLC bought a new position in Stanley Black & Decker during the third quarter valued at about $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $72,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SWK shares. Wells Fargo & Company cut 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. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. UBS Group lifted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Price Performance

SWK opened at $92.56 on Tuesday. The company’s 50 day simple moving average is $99.93 and its 200-day simple moving average is $93.87. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. 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 stock has a market capitalization of $14.27 billion, a P/E ratio of -67.56, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

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. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s 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.