4,872 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,872 shares of the industrial products company’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Inscription Capital LLC purchased a new position in Stanley Black & Decker during the third quarter worth about $252,000. Pointe Capital Management LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $223,000. Custom Index Systems LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $446,000. J.W. Cole Advisors Inc. purchased a new position in Stanley Black & Decker in the third quarter valued at about $318,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Stanley Black & Decker by 1.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 78,530 shares of the industrial products company’s stock valued at $8,648,000 after acquiring an additional 1,225 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday. 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. StockNews.com raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Monday. Barclays boosted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK opened at $93.86 on Thursday. The company’s fifty day moving average price is $103.52 and its 200-day moving average price is $93.75. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of -48.38, a PEG ratio of 2.71 and a beta of 1.24. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.49%. Stanley Black & Decker’s dividend payout ratio (DPR) is -169.07%.

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.