Custom Index Systems LLC Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Custom Index Systems LLC purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,052 shares of the industrial products company’s stock, valued at approximately $446,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its position in Stanley Black & Decker by 99.3% during 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 acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its holdings 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 purchased a new position in Stanley Black & Decker during the third quarter valued at approximately $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker in the 3rd quarter valued at approximately $72,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares in the company, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SWK has been the topic of several research analyst reports. 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 report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, Morgan Stanley started coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.43.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $101.98 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The company’s 50 day moving average is $103.57 and its 200-day moving average is $93.67. Stanley Black & Decker, Inc. has a 12 month low of $76.57 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) earnings per share. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business 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 of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.22%. Stanley Black & Decker’s payout ratio 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.