EverSource Wealth Advisors LLC Has $30,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

EverSource Wealth Advisors LLC cut its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 370 shares of the industrial products company’s stock after selling 171 shares during the period. EverSource Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth about $36,000. Cape Investment Advisory Inc. raised its holdings in 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 in the last quarter. SRS Capital Advisors Inc. boosted its position in 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 valued at $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the fourth quarter valued at approximately $44,000. Finally, Crews Bank & Trust acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth approximately $49,000. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SWK shares. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 target price for the company. UBS Group lowered their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Citigroup cut 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. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $80.54 on Friday. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 1.33 and a beta of 1.25. The stock’s fifty day moving average price is $85.44 and its two-hundred day moving average price is $91.03.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results 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 net margin of 1.92% and a return on equity of 7.50%. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.07%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

About Stanley Black & Decker

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.