Great Valley Advisor Group Inc. Acquires 401 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Great Valley Advisor Group Inc. lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.2% during the third quarter, Holdings Channel reports. The fund owned 8,126 shares of the industrial products company’s stock after buying an additional 401 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Stanley Black & Decker were worth $895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rise Advisors LLC raised its holdings in shares of Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Stanley Black & Decker in the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of Stanley Black & Decker during the third quarter valued at approximately $59,000. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $92.56 on Tuesday. The stock has a market cap of $14.27 billion, a P/E ratio of -67.56, a P/E/G ratio of 2.41 and a beta of 1.25. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average price is $99.93 and its two-hundred day moving average price is $93.87. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88.

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 for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is -239.42%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target 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. Morgan Stanley decreased their target price on shares of 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. 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 research report on Monday, August 5th. UBS Group increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird cut their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.29.

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.