J.W. Cole Advisors Inc. Makes New Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

J.W. Cole Advisors Inc. acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,298 shares of the industrial products company’s stock, valued at approximately $520,000.

A number of other institutional investors have also modified their holdings of SWK. Crestwood Advisors Group LLC grew its holdings in Stanley Black & Decker by 0.6% in the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after purchasing an additional 117 shares during the period. Kinloch Capital LLC grew its holdings in Stanley Black & Decker by 0.4% in the third quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 141 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in Stanley Black & Decker by 3.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,158 shares of the industrial products company’s stock valued at $348,000 after purchasing an additional 147 shares during the period. Parkside Financial Bank & Trust grew its stake in Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after buying an additional 160 shares during the period. Finally, SevenBridge Financial Group LLC grew its stake in Stanley Black & Decker by 1.5% during the third quarter. SevenBridge Financial Group LLC now owns 11,312 shares of the industrial products company’s stock worth $945,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK stock opened at $90.75 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21. The firm has a market capitalization of $13.96 billion, a PE ratio of -43.63, a P/E/G ratio of 2.41 and a beta of 1.34. The firm has a 50-day moving average of $91.50 and a two-hundred day moving average of $90.98.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. On average, analysts forecast that Stanley Black & Decker, Inc. will post 4.12 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, March 19th. Investors of record on Friday, March 8th were issued a $0.81 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.24 dividend on an annualized basis and a yield of 3.57%. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. JPMorgan Chase & Co. decreased their price objective on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Barclays boosted their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $98.11.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.