Arkadios Wealth Advisors Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Arkadios Wealth Advisors boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 74.1% in the 2nd quarter, Holdings Channel reports. The firm owned 4,479 shares of the industrial products company’s stock after purchasing an additional 1,907 shares during the period. Arkadios Wealth Advisors’ holdings in Stanley Black & Decker were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Stanley Black & Decker in the fourth quarter valued at $133,952,000. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares during the last quarter. Kodai Capital Management LP acquired a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $32,679,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $12,992,000. Finally, Swedbank AB acquired a new stake in shares of Stanley Black & Decker during the first quarter worth $8,772,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity

In related news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares of the company’s stock, valued at $3,320,963.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the subject of several analyst reports. Robert W. Baird increased their price target on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. UBS Group boosted their target price 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. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Wells Fargo & Company increased their price objective on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Barclays lifted their target price on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.00.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $102.37 on Friday. The firm’s 50-day moving average is $91.10 and its two-hundred day moving average is $89.97. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 0.42. The stock has a market capitalization of $15.76 billion, a P/E ratio of -148.35, a P/E/G ratio of 2.68 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $108.15.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the previous year, the company earned ($0.11) EPS. Stanley Black & Decker’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Tuesday, September 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -469.56%.

About Stanley Black & Decker

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.