Wealthfront Advisers LLC Sells 6,477 Shares of Stanley Black & Decker, Inc. $SWK

Wealthfront Advisers LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 63.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,707 shares of the industrial products company’s stock after selling 6,477 shares during the quarter. Wealthfront Advisers LLC’s holdings in Stanley Black & Decker were worth $251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 1248 Management LLC bought a new position in shares of Stanley Black & Decker during the 1st quarter worth $26,000. Princeton Global Asset Management LLC bought a new position in Stanley Black & Decker in the 2nd quarter worth about $25,000. TD Private Client Wealth LLC boosted its stake 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 period. Garde Capital Inc. boosted its stake in Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 321 shares during the period. Finally, Trust Co. of Toledo NA OH bought a new position in Stanley Black & Decker in the 2nd quarter worth about $59,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of a number of research reports. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Wells Fargo & Company lifted their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker Trading Down 1.4%

Stanley Black & Decker stock opened at $67.64 on Monday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $96.75. The business’s fifty day simple moving average is $73.24 and its two-hundred day simple moving average is $69.63. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.19. 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 announced its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The company had revenue of $3.72 billion for the quarter. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 105.40%.

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.