Stratos Wealth Partners LTD. Has $451,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Stratos Wealth Partners LTD. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,863 shares of the industrial products company’s stock after selling 177 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Stanley Black & Decker were worth $451,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its stake in shares of Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 296 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the 1st quarter worth $31,000. TD Private Client Wealth LLC grew its position in Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 382 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in Stanley Black & Decker in the 4th quarter worth $40,000. Finally, CX Institutional acquired a new stake in Stanley Black & Decker during the first quarter worth about $43,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.7%

Shares of NYSE:SWK opened at $71.63 on Tuesday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. The company’s fifty day moving average is $67.56 and its 200-day moving average is $73.97. The company has a market capitalization of $11.08 billion, a PE ratio of 29.72, a P/E/G ratio of 1.39 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. Equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio is currently 136.10%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SWK. UBS Group decreased their target price on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Robert W. Baird lifted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.10.

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.