Stanley Black & Decker, Inc. $SWK Stock: Chicago Partners Investment Group LLC Raises Position

Chicago Partners Investment Group LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 119.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,405 shares of the industrial products company’s stock after buying an additional 6,742 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Stanley Black & Decker were worth $1,231,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Stanley Black & Decker during the 2nd quarter valued at about $1,006,417,000. State Street Corp raised its position in Stanley Black & Decker by 5.0% in the 2nd quarter. State Street Corp now owns 8,751,801 shares of the industrial products company’s stock worth $823,720,000 after purchasing an additional 416,614 shares during the period. Dimensional Fund Advisors LP lifted its stake in Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock worth $353,618,000 after purchasing an additional 92,573 shares during the last quarter. Nykredit A S bought a new stake in Stanley Black & Decker in the second quarter worth about $166,378,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Stanley Black & Decker during the second quarter valued at approximately $126,909,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Stanley Black & Decker from $84.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Citigroup lifted their target price on Stanley Black & Decker from $107.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Wall Street Zen lowered shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Wells Fargo & Company upped their price target on shares of Stanley Black & Decker from $90.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, November 5th. Finally, Mizuho reduced their price target on shares of Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $100.09.

Stanley Black & Decker Stock Up 2.7%

Shares of NYSE SWK opened at $118.00 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $61.90 and a 52-week high of $122.68. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.75 and a beta of 1.15. The stock has a 50 day moving average price of $95.12 and a 200 day moving average price of $86.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.55 and a current ratio of 1.42.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.55 by $0.76. Stanley Black & Decker had a return on equity of 10.22% and a net margin of 5.53%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.74 billion. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 6.11 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.84 per share. The ex-dividend date is Tuesday, December 1st. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 60.11%.

About Stanley Black & Decker

Stanley Black & Decker is a global manufacturer of tools, outdoor equipment and engineered fastening products. Its portfolio includes power and hand tools, tool storage, accessories, and outdoor power equipment sold under brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER.

The company also supplies engineered fastening solutions and related products to customers in industries such as construction, automotive and manufacturing. Its products serve professional users, businesses and consumers in markets around the world.

Stanley Black & Decker traces its roots to Stanley Works, founded in 1843, and the Black & Decker company, founded in 1910.