Quantinno Capital Management LP Purchases 37,557 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Quantinno Capital Management LP raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 88.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,226 shares of the industrial products company’s stock after purchasing an additional 37,557 shares during the quarter. Quantinno Capital Management LP owned 0.05% of Stanley Black & Decker worth $8,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SWK. Cetera Advisors LLC raised its stake in shares of Stanley Black & Decker by 282.1% in the first quarter. Cetera Advisors LLC now owns 8,009 shares of the industrial products company’s stock worth $784,000 after purchasing an additional 5,913 shares during the last quarter. CWM LLC raised its stake in shares of Stanley Black & Decker by 11.5% in the second quarter. CWM LLC now owns 6,653 shares of the industrial products company’s stock worth $531,000 after purchasing an additional 685 shares during the last quarter. BDF Gestion purchased a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $2,167,000. SG Americas Securities LLC increased its position in shares of Stanley Black & Decker by 17.4% during the second quarter. SG Americas Securities LLC now owns 19,126 shares of the industrial products company’s stock valued at $1,528,000 after acquiring an additional 2,831 shares during the last quarter. Finally, Czech National Bank increased its position in shares of Stanley Black & Decker by 8.7% during the second quarter. Czech National Bank now owns 29,323 shares of the industrial products company’s stock valued at $2,343,000 after acquiring an additional 2,348 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of research analyst reports. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company decreased 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 report on Wednesday, October 30th. Robert W. Baird decreased their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays raised their target price on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $84.94 on Friday. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The business has a fifty day moving average price of $97.04 and a 200-day moving average price of $93.71. 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 firm has a market capitalization of $13.09 billion, a P/E ratio of -62.00, a PEG ratio of 2.38 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data 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 company had revenue of $3.75 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current 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 3.86%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is -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.