Insight Wealth Strategies LLC Takes Position in Stanley Black & Decker, Inc. $SWK

Insight Wealth Strategies LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, HoldingsChannel reports. The firm acquired 64,249 shares of the industrial products company’s stock, valued at approximately $4,776,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Vanguard Group Inc. grew its holdings in shares of Stanley Black & Decker by 0.5% during the second quarter. Vanguard Group Inc. now owns 18,663,999 shares of the industrial products company’s stock worth $1,264,486,000 after buying an additional 91,016 shares in the last quarter. State Street Corp boosted its position in Stanley Black & Decker by 2.3% during the second quarter. State Street Corp now owns 9,423,438 shares of the industrial products company’s stock worth $638,438,000 after acquiring an additional 215,960 shares during the last quarter. Geode Capital Management LLC raised its holdings in Stanley Black & Decker by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,965,007 shares of the industrial products company’s stock valued at $268,110,000 after acquiring an additional 65,327 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Stanley Black & Decker by 59.8% during the 1st quarter. Ameriprise Financial Inc. now owns 3,541,878 shares of the industrial products company’s stock worth $272,294,000 after purchasing an additional 1,326,113 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Stanley Black & Decker by 2.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,182,343 shares of the industrial products company’s stock worth $215,604,000 after purchasing an additional 63,132 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley reissued a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Monday, August 18th. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $74.25 on Tuesday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $91.06. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 25.69, a PEG ratio of 2.15 and a beta of 1.20. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $69.32 and its 200 day simple moving average is $70.82.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The company had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s payout ratio is presently 114.88%.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.