Whetstone Capital Advisors LLC Acquires Shares of 1,964 Stanley Black & Decker, Inc. (NYSE:SWK)

Whetstone Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,964 shares of the industrial products company’s stock, valued at approximately $216,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC raised its position in Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after acquiring an additional 390,941 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after purchasing an additional 267,013 shares during the last quarter. Sabal Trust CO bought a new stake in Stanley Black & Decker in the second quarter worth $19,878,000. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 8.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Stanley Black & Decker by 161.6% during the second quarter. AQR Capital Management LLC now owns 221,865 shares of the industrial products company’s stock worth $17,725,000 after buying an additional 137,058 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Up 0.8 %

SWK opened at $90.00 on Monday. The stock’s 50 day simple moving average is $100.13 and its 200-day simple moving average is $93.84. 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, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed 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. This represents a $3.28 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SWK shares. Robert W. Baird decreased their price target 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. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Morgan Stanley dropped their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given 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 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.