Kingswood Wealth Advisors LLC Grows Stock Position in Stanley Black & Decker, Inc. $SWK

Kingswood Wealth Advisors LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 73.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,543 shares of the industrial products company’s stock after buying an additional 2,348 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its holdings 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 purchasing 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 about $26,000. Hanson & Doremus Investment Management acquired a new position in shares of Stanley Black & Decker in the first quarter valued at about $31,000. TD Private Client Wealth LLC increased its holdings 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 purchasing an additional 382 shares during the period. Finally, Garde Capital Inc. increased its holdings 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 purchasing an additional 321 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 7.7%

Shares of SWK opened at $64.37 on Friday. 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, Inc. has a 12 month low of $53.91 and a 12 month high of $109.91. The stock’s 50 day moving average is $74.23 and its two-hundred day moving average is $69.21. The firm has a market cap of $9.96 billion, a P/E ratio of 20.43, a PEG ratio of 1.45 and a beta of 1.19.

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

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 5.2%. Stanley Black & Decker’s dividend payout ratio is 105.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWK. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday. Finally, Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.90.

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.