Atria Investments Inc Grows Stock Holdings in Stanley Black & Decker, Inc. $SWK

Atria Investments Inc lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,801 shares of the industrial products company’s stock after purchasing an additional 1,217 shares during the quarter. Atria Investments Inc’s holdings in Stanley Black & Decker were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC purchased a new stake in Stanley Black & Decker in the second quarter worth approximately $25,000. 1248 Management LLC bought a new stake in Stanley Black & Decker during the 1st quarter valued at $26,000. TD Private Client Wealth LLC boosted its holdings in shares of Stanley Black & Decker by 830.4% during the first 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. grew its position in shares of 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 buying an additional 321 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Stanley Black & Decker in the second quarter valued at $59,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Price Performance

SWK stock opened at $68.21 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.34 and a current ratio of 1.04. The company’s fifty day moving average price is $72.47 and its 200-day moving average price is $69.98. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $93.63. The company has a market capitalization of $10.56 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The firm 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, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS 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. Stockholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is 114.88%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SWK shares. Robert W. Baird upped their price target on Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Jefferies Financial Group set a $86.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, August 18th. Wells Fargo & Company cut their target price on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.