Arkadios Wealth Advisors Has $596,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Arkadios Wealth Advisors increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 45.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,747 shares of the industrial products company’s stock after purchasing an additional 2,432 shares during the quarter. Arkadios Wealth Advisors’ holdings in Stanley Black & Decker were worth $596,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in 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 valued at $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 first quarter valued at approximately $31,000. TD Private Client Wealth LLC lifted its stake in Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 382 shares during the last quarter. CX Institutional acquired a new stake in Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $65,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 1.0%

Shares of Stanley Black & Decker stock opened at $66.98 on Monday. The firm has a market capitalization of $10.37 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The company’s fifty day moving average price is $68.48 and its two-hundred day moving average price is $72.92. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 5.0%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio is presently 104.13%.

Analyst Ratings Changes

A number of research firms have recently commented on SWK. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research report on Wednesday. UBS Group dropped their target price on shares of 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. Finally, Barclays dropped their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.10.

About Stanley Black & Decker

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.