Avior Wealth Management LLC Decreases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Avior Wealth Management LLC lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,980 shares of the industrial products company’s stock after selling 177 shares during the period. Avior Wealth Management LLC’s holdings in Stanley Black & Decker were worth $783,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares during the last quarter. Foresight Capital Management Advisors Inc. purchased a new position in Stanley Black & Decker in the 4th quarter worth $2,593,000. Vest Financial LLC raised its stake in Stanley Black & Decker by 44.0% in the 4th quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after acquiring an additional 103,403 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Stanley Black & Decker in the 3rd quarter worth $1,605,000. Finally, Manchester Financial Inc. purchased a new position in Stanley Black & Decker in the 4th quarter worth $2,067,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $89.33 on Thursday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The company has a market capitalization of $13.74 billion, a P/E ratio of -42.95, a P/E/G ratio of 2.43 and a beta of 1.34. The business’s 50-day moving average is $91.45 and its two-hundred day moving average is $90.58.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Barclays raised their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company cut their price target on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $99.44.

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.