Integrated Wealth Concepts LLC Has $699,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Integrated Wealth Concepts LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,345 shares of the industrial products company’s stock after selling 1,063 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Stanley Black & Decker were worth $699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after acquiring an additional 235,106 shares in the last quarter. Clean Energy Transition LLP lifted its holdings in shares of Stanley Black & Decker by 49.0% in the third quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after purchasing an additional 652,780 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Stanley Black & Decker by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after buying an additional 118,927 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after buying an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP raised its position in Stanley Black & Decker by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after buying an additional 69,850 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the subject of several research reports. Barclays raised their price target 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. 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 note on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their price target on 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, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.29.

Stanley Black & Decker Stock Up 1.6 %

Shares of SWK stock opened at $85.77 on Tuesday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of -62.61, a PEG ratio of 2.28 and a beta of 1.23. The firm’s 50-day moving average is $96.05 and its 200-day moving average is $93.75.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.80 billion. During the same period last year, the firm posted $1.05 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders 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 3.82%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s dividend payout ratio is presently -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.