Sequoia Financial Advisors LLC Buys 1,620 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sequoia Financial Advisors LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,472 shares of the industrial products company’s stock after purchasing an additional 1,620 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Stanley Black & Decker were worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Panagora Asset Management Inc. lifted its position in Stanley Black & Decker by 3.5% in the 1st quarter. Panagora Asset Management Inc. now owns 2,838 shares of the industrial products company’s stock valued at $397,000 after acquiring an additional 96 shares in the last quarter. Kinneret Advisory LLC lifted its position in Stanley Black & Decker by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 4,361 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Stanley Black & Decker by 15.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 765 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 102 shares in the last quarter. Cetera Investment Advisers lifted its position in Stanley Black & Decker by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 2,614 shares of the industrial products company’s stock valued at $365,000 after acquiring an additional 112 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in Stanley Black & Decker by 0.6% in the 3rd quarter. Crestwood Advisors Group LLC now owns 20,768 shares of the industrial products company’s stock valued at $1,736,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.7 %

Stanley Black & Decker stock opened at $90.18 on Wednesday. Stanley Black & Decker, Inc. has a 1-year low of $73.87 and a 1-year high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $91.46 and a 200 day simple moving average of $90.59.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same period in the previous year, the business earned ($0.10) EPS. Stanley Black & Decker’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s payout ratio is -155.77%.

Analyst Ratings Changes

SWK has been the topic of several recent research reports. Barclays raised their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $99.44.

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.