B. Riley Wealth Advisors Inc. Has $242,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

B. Riley Wealth Advisors Inc. lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,030 shares of the industrial products company’s stock after selling 277 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Stanley Black & Decker were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AlphaMark Advisors LLC bought a new stake in Stanley Black & Decker during the 2nd quarter worth $32,000. Quarry LP acquired a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after buying an additional 237 shares during the period. Fairman Group LLC bought a new position in Stanley Black & Decker in the 4th quarter valued at approximately $50,000. Finally, Clarity Asset Management Inc. acquired a new stake in Stanley Black & Decker during the 4th quarter worth approximately $52,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SWK shares. Morgan Stanley began coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target for the company. The Goldman Sachs Group lifted their target price on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. UBS Group raised their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.50.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the transaction, the senior vice president now owns 31,960 shares in the company, valued at approximately $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $106.54 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a twelve month low of $76.57 and a twelve month high of $110.88. The company has a fifty day moving average of $101.27 and a 200-day moving average of $92.66. The firm has a market capitalization of $16.39 billion, a P/E ratio of -154.28, a P/E/G ratio of 2.88 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.11) earnings per share. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.82 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.28 annualized dividend and a dividend yield of 3.08%. Stanley Black & Decker’s payout ratio is currently -475.36%.

Stanley Black & Decker 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.