Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 26.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 59,183 shares of the industrial products company’s stock after selling 21,613 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Stanley Black & Decker were worth $4,780,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tred Avon Family Wealth LLC acquired a new position in Stanley Black & Decker in the third quarter worth about $939,000. Massachusetts Financial Services Co. MA boosted its holdings in Stanley Black & Decker by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,199,427 shares of the industrial products company’s stock valued at $237,813,000 after purchasing an additional 17,084 shares in the last quarter. Godsey & Gibb Inc. grew its stake in shares of Stanley Black & Decker by 14.6% in the 3rd quarter. Godsey & Gibb Inc. now owns 212,480 shares of the industrial products company’s stock valued at $15,794,000 after purchasing an additional 27,140 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Stanley Black & Decker by 773.1% in the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock worth $3,610,000 after buying an additional 47,176 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Stanley Black & Decker by 48.1% in the 2nd quarter. Osaic Holdings Inc. now owns 44,816 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 14,550 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.
Stanley Black & Decker Stock Down 2.0%
Shares of SWK opened at $67.45 on Tuesday. The company has a market capitalization of $10.47 billion, a P/E ratio of 25.45, a PEG ratio of 0.99 and a beta of 1.18. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $93.37. The business’s 50 day simple moving average is $80.48 and its 200-day simple moving average is $75.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.14 and a quick ratio of 0.35.
Stanley Black & Decker Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Stanley Black & Decker’s payout ratio is currently 125.28%.
Analyst Ratings Changes
Several analysts recently commented on SWK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 21st. Robert W. Baird increased their price objective on Stanley Black & Decker from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $84.00 target price on shares of Stanley Black & Decker in a research note on Thursday, February 5th. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $80.00 to $87.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Finally, Argus upgraded shares of Stanley Black & Decker to a “hold” rating in a research report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $86.89.
Stanley Black & Decker Company Profile
Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.
Operations are organized across three principal business segments.
See Also
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