Avantax Advisory Services Inc. Acquires 337 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Avantax Advisory Services Inc. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,697 shares of the industrial products company’s stock after purchasing an additional 337 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Stanley Black & Decker were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker in the 4th quarter valued at $36,000. Cape Investment Advisory Inc. boosted its stake in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $44,000. Finally, Crews Bank & Trust acquired a new position in Stanley Black & Decker in the fourth quarter valued at about $49,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $78.44 on Thursday. The firm’s 50 day moving average price is $85.31 and its two-hundred day moving average price is $90.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52-week low of $77.35 and a 52-week high of $110.88. The stock has a market cap of $12.12 billion, a PE ratio of 40.43, a PEG ratio of 1.33 and a beta of 1.25.

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

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.18%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on SWK. Barclays dropped their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company decreased 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, Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.20.

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.