Stanley Black & Decker, Inc. (NYSE:SWK) Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 37.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,592 shares of the industrial products company’s stock after purchasing an additional 986 shares during the period. Sequoia Financial Advisors LLC’s holdings in Stanley Black & Decker were worth $396,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SWK. Castleview Partners LLC boosted its stake in Stanley Black & Decker by 3.9% in the third quarter. Castleview Partners LLC now owns 2,772 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 103 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in shares of Stanley Black & Decker by 5.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 9,216 shares of the industrial products company’s stock worth $1,015,000 after purchasing an additional 437 shares during the last quarter. Vest Financial LLC boosted its position in Stanley Black & Decker by 16.5% during the 3rd quarter. Vest Financial LLC now owns 565,869 shares of the industrial products company’s stock valued at $62,319,000 after purchasing an additional 80,037 shares during the period. Blue Trust Inc. grew its stake in Stanley Black & Decker by 33.7% during the 3rd quarter. Blue Trust Inc. now owns 3,266 shares of the industrial products company’s stock worth $360,000 after buying an additional 823 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in Stanley Black & Decker in the third quarter valued at $257,000. Institutional investors own 87.77% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Trading Down 0.9 %

Shares of Stanley Black & Decker stock opened at $101.98 on Monday. The business has a fifty day simple moving average of $103.57 and a 200-day simple moving average of $93.67. The firm has a market cap of $15.69 billion, a price-to-earnings ratio of -147.80, a price-to-earnings-growth ratio of 2.78 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $76.57 and a fifty-two week high of $110.88. 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 (NYSE:SWK) last posted its quarterly earnings data 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. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm posted ($0.11) EPS. The business’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.22%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -475.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on SWK shares. Barclays upped their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. UBS Group boosted 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. Wells Fargo & Company lowered their target price on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Morgan Stanley assumed coverage on Stanley Black & Decker in a research report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $104.43.

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.