Steward Partners Investment Advisory LLC Sells 5,090 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Steward Partners Investment Advisory LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,171 shares of the industrial products company’s stock after selling 5,090 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Stanley Black & Decker were worth $174,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Kelly Financial Group LLC purchased a new stake in Stanley Black & Decker in the 4th quarter worth about $201,000. Jones Financial Companies Lllp increased its position in shares of Stanley Black & Decker by 52.8% during the fourth quarter. Jones Financial Companies Lllp now owns 64,139 shares of the industrial products company’s stock worth $5,150,000 after acquiring an additional 22,156 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $273,000. Finally, Cape Investment Advisory Inc. increased its position in shares of Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 237 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

Shares of SWK opened at $81.07 on Friday. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 41.79, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $85.48 and a two-hundred day moving average of $91.52.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.05%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWK shares. UBS Group reduced their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Barclays cut their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Citigroup cut their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Company Profile

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.