Kestra Private Wealth Services LLC Lowers Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Kestra Private Wealth Services LLC lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,852 shares of the industrial products company’s stock after selling 134 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Stanley Black & Decker were worth $574,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC grew its holdings in Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 117 shares during the period. Kinloch Capital LLC grew its position in Stanley Black & Decker by 0.4% during the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 141 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after buying an additional 160 shares during the last quarter. Wahed Invest LLC lifted its stake in shares of Stanley Black & Decker by 7.5% in the third quarter. Wahed Invest LLC now owns 2,381 shares of the industrial products company’s stock worth $199,000 after buying an additional 167 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Stanley Black & Decker by 8.4% during the fourth quarter. Allworth Financial LP now owns 2,375 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Robert W. Baird reduced their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays dropped their price objective on Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Finally, Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.00.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK opened at $85.80 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The business has a 50 day simple moving average of $91.58 and a two-hundred day simple moving average of $91.39. Stanley Black & Decker, Inc. has a 1 year low of $73.87 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the company posted ($0.41) EPS. Stanley Black & Decker’s quarterly revenue was down 1.6% on a year-over-year basis. Equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $0.81 dividend. The ex-dividend date is Friday, May 31st. This represents a $3.24 annualized dividend and a yield of 3.78%. Stanley Black & Decker’s dividend payout ratio (DPR) is -469.56%.

Stanley Black & Decker Company 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.