IFP Advisors Inc Sells 429 Shares of Stanley Black & Decker, Inc. $SWK

IFP Advisors Inc lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 37.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 729 shares of the industrial products company’s stock after selling 429 shares during the quarter. IFP Advisors Inc’s holdings in Stanley Black & Decker were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SWK. Golden State Wealth Management LLC increased 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 valued at $25,000 after buying an additional 296 shares during the period. 1248 Management LLC acquired a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $26,000. TD Private Client Wealth LLC increased its stake in shares of 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 buying an additional 382 shares during the period. Garde Capital Inc. increased its stake in shares of Stanley Black & Decker by 160.5% in the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock valued at $35,000 after buying an additional 321 shares during the period. Finally, WASHINGTON TRUST Co boosted its holdings in Stanley Black & Decker by 530.1% in the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Up 2.6%

NYSE SWK opened at $70.87 on Wednesday. The firm has a market capitalization of $10.97 billion, a P/E ratio of 22.50, a PEG ratio of 1.44 and a beta of 1.19. The business has a fifty day simple moving average of $74.05 and a 200 day simple moving average of $68.89. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $105.30. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. The business had revenue of $3.72 billion during the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.83 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.7%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio is 105.40%.

Wall Street Analysts Forecast Growth

SWK has been the topic of several analyst reports. Robert W. Baird upped their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley reiterated a “positive” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker 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.