Stanley Black & Decker, Inc. (NYSE:SWK) is Clean Energy Transition LLP’s Largest Position

Clean Energy Transition LLP lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 49.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,984,184 shares of the industrial products company’s stock after purchasing an additional 652,780 shares during the quarter. Stanley Black & Decker comprises about 11.2% of Clean Energy Transition LLP’s holdings, making the stock its biggest position. Clean Energy Transition LLP’s holdings in Stanley Black & Decker were worth $218,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Rise Advisors LLC grew its stake in Stanley Black & Decker by 99.3% in the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares during the period. AlphaMark Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 237 shares during the last quarter. Summit Securities Group LLC purchased a new position in Stanley Black & Decker in the 2nd quarter valued at about $56,000. Finally, Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker in the 3rd quarter worth about $59,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWK has been the topic of several research reports. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays raised their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Robert W. Baird lowered their price target on shares of 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. Finally, Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. 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

Shares of SWK stock opened at $89.45 on Monday. 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 company has a market capitalization of $13.79 billion, a PE ratio of -65.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25. The firm’s 50-day moving average is $98.65 and its two-hundred day moving average is $93.84. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued 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 company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a yield of 3.67%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently -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.