Royal London Asset Management Ltd. Purchases 1,389 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Royal London Asset Management Ltd. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,116 shares of the industrial products company’s stock after buying an additional 1,389 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Stanley Black & Decker were worth $8,052,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SWK. Rise Advisors LLC lifted its position in shares of Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC acquired a new position in shares of Stanley Black & Decker during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares during the last quarter. Summit Securities Group LLC acquired a new position in Stanley Black & Decker during the second quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC bought a new position in Stanley Black & Decker in the third quarter valued at approximately $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.6 %

SWK stock opened at $84.46 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of -61.65, a PEG ratio of 2.32 and a beta of 1.23. The business’s fifty day moving average price is $96.53 and its two-hundred day moving average price is $93.76.

Stanley Black & Decker (NYSE:SWK) last released 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 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the firm earned $1.05 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is currently -239.42%.

Analyst Upgrades and Downgrades

SWK has been the subject of several recent analyst reports. Barclays increased 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. Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Robert W. Baird reduced their target price on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.29.

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.