B. Metzler seel. Sohn & Co. Holding AG Buys New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,238 shares of the industrial products company’s stock, valued at approximately $467,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Investment Management LLC lifted its stake in Stanley Black & Decker by 7.5% during the first quarter. Redwood Investment Management LLC now owns 23,838 shares of the industrial products company’s stock worth $2,334,000 after purchasing an additional 1,662 shares during the last quarter. Tidal Investments LLC grew its position in Stanley Black & Decker by 252.2% during the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after acquiring an additional 9,323 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of Stanley Black & Decker during the first quarter worth approximately $274,000. Wahed Invest LLC lifted its holdings in shares of Stanley Black & Decker by 14.7% in the 1st quarter. Wahed Invest LLC now owns 2,993 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 383 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in shares of Stanley Black & Decker by 3.1% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 59,218 shares of the industrial products company’s stock valued at $5,799,000 after purchasing an additional 1,780 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

SWK opened at $89.25 on Monday. The stock’s 50 day moving average price is $100.13 and its 200-day moving average price is $93.84. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market capitalization of $13.76 billion, a PE ratio of -65.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data 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 business had revenue of $3.75 billion during the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 EPS. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is -239.42%.

Analysts Set New Price Targets

Several research firms have weighed in on SWK. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. UBS Group increased their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus 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.