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

Arkadios Wealth Advisors raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 74.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,479 shares of the industrial products company’s stock after buying an additional 1,907 shares during the quarter. Arkadios Wealth Advisors’ holdings in Stanley Black & Decker were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SWK. First United Bank & Trust acquired a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $25,000. AlphaMark Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 2nd quarter worth $32,000. Quarry LP purchased a new position in Stanley Black & Decker during the 4th quarter worth $36,000. Principal Securities Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter valued at about $38,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Stanley Black & Decker by 39.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other news, SVP Janet Link sold 13,520 shares of the stock in a transaction dated Thursday, August 1st. The shares were 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 approximately $3,320,963.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SWK shares. Barclays increased their price objective on shares of Stanley Black & Decker from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. UBS Group upped their target price on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on Stanley Black & Decker from $85.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.00.

Stanley Black & Decker Price Performance

Shares of SWK opened at $102.37 on Friday. The company 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. The business’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 quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $108.15.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results 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 positive return on equity of 6.06% and a negative net margin of 1.87%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the business earned ($0.11) earnings per share. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts predict that Stanley Black & Decker, Inc. will post 4.17 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

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