NEXT Financial Group Inc acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 950 shares of the industrial products company’s stock, valued at approximately $139,000.

Several other institutional investors also recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC acquired a new position in Stanley Black & Decker in the first quarter valued at about $117,000. Flagship Harbor Advisors LLC acquired a new position in Stanley Black & Decker in the second quarter valued at about $136,000. TLP Group LLC grew its stake in Stanley Black & Decker by 32.8% in the first quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 367 shares during the period. Paragon Capital Management Ltd acquired a new position in Stanley Black & Decker in the second quarter valued at about $204,000. Finally, Intact Investment Management Inc. acquired a new position in Stanley Black & Decker in the second quarter valued at about $213,000. 83.56% of the stock is owned by institutional investors and hedge funds.

In other news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at $1,774,984.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by corporate insiders.

A number of research firms have issued reports on SWK. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. Morgan Stanley began coverage on Stanley Black & Decker in a research note on Monday, August 20th. They issued an “overweight” rating and a $164.00 target price for the company. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. JPMorgan Chase & Co. boosted their target price on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Finally, Barclays boosted their target price on Stanley Black & Decker from $164.00 to $166.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $178.69.

SWK stock opened at $129.77 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.94 and a debt-to-equity ratio of 0.38. The stock has a market cap of $22.41 billion, a PE ratio of 17.77, a PEG ratio of 1.73 and a beta of 0.98. Stanley Black & Decker, Inc. has a fifty-two week low of $127.35 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.54. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. Stanley Black & Decker’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 8.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were given a dividend of $0.66 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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