Farther Finance Advisors LLC Has $250,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Farther Finance Advisors LLC increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 50.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,283 shares of the industrial products company’s stock after buying an additional 1,096 shares during the quarter. Farther Finance Advisors LLC’s holdings in Stanley Black & Decker were worth $250,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. raised its stake in Stanley Black & Decker by 12.1% during the 1st quarter. Godsey & Gibb Inc. now owns 170,880 shares of the industrial products company’s stock worth $13,137,000 after buying an additional 18,440 shares during the period. Procyon Advisors LLC acquired a new position in Stanley Black & Decker during the 1st quarter worth approximately $474,000. Vest Financial LLC raised its stake in Stanley Black & Decker by 11.8% during the 1st quarter. Vest Financial LLC now owns 616,832 shares of the industrial products company’s stock worth $47,422,000 after buying an additional 65,174 shares during the period. Naples Global Advisors LLC raised its stake in Stanley Black & Decker by 4.3% during the 1st quarter. Naples Global Advisors LLC now owns 11,191 shares of the industrial products company’s stock worth $860,000 after buying an additional 463 shares during the period. Finally, Czech National Bank raised its stake in Stanley Black & Decker by 5.9% during the 1st quarter. Czech National Bank now owns 35,409 shares of the industrial products company’s stock worth $2,722,000 after buying an additional 1,983 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SWK has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. UBS Group lowered their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Finally, Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $91.10.

Stanley Black & Decker Stock Performance

SWK stock opened at $64.58 on Thursday. The firm has a market cap of $9.99 billion, a PE ratio of 26.80, a P/E/G ratio of 1.66 and a beta of 1.18. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $63.98 and a 200-day moving average of $75.82. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.08%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is 136.10%.

Stanley Black & Decker Company Profile

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.