Whetstone Capital Advisors LLC Takes Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Whetstone Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, Holdings Channel reports. The fund purchased 1,964 shares of the industrial products company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWK. Redwood Investment Management LLC raised its holdings in shares of Stanley Black & Decker by 7.5% in the first quarter. Redwood Investment Management LLC now owns 23,838 shares of the industrial products company’s stock valued at $2,334,000 after buying an additional 1,662 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Stanley Black & Decker by 252.2% during the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock worth $1,275,000 after purchasing an additional 9,323 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $274,000. Wahed Invest LLC increased its holdings in shares of Stanley Black & Decker by 14.7% in the first quarter. Wahed Invest LLC now owns 2,993 shares of the industrial products company’s stock valued at $293,000 after purchasing an additional 383 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its position in Stanley Black & Decker by 3.1% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 59,218 shares of the industrial products company’s stock worth $5,799,000 after purchasing an additional 1,780 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock opened at $90.00 on Monday. 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 stock’s 50-day moving average is $100.13 and its 200-day moving average is $93.84.

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 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Research analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Analyst Ratings Changes

Several research firms have recently commented on SWK. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. UBS Group boosted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their target price on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company reduced their target price on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.29.

About Stanley Black & Decker

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.