US Bancorp DE Has $3.42 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

US Bancorp DE cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,058 shares of the industrial products company’s stock after selling 3,296 shares during the period. US Bancorp DE’s holdings in Stanley Black & Decker were worth $3,420,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rise Advisors LLC raised its stake in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after buying an additional 133 shares during the period. AlphaMark Advisors LLC bought a new position in shares of Stanley Black & Decker during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% during the second 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 period. Waldron Private Wealth LLC bought a new position in shares of Stanley Black & Decker during the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in Stanley Black & Decker during the 3rd quarter worth $72,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SWK shares. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. 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. 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. The Goldman Sachs Group raised their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday. One investment 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, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Up 1.1 %

SWK opened at $94.42 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $103.15 and a two-hundred day moving average price of $93.86. The company has a market cap of $14.56 billion, a P/E ratio of -68.92, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.05 earnings per share. Analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is currently -239.42%.

Stanley Black & Decker 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.