WBI Investments LLC Invests $917,000 in Stanley Black & Decker, Inc. $SWK

WBI Investments LLC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 13,532 shares of the industrial products company’s stock, valued at approximately $917,000.

A number of other large investors have also bought and sold shares of SWK. 1248 Management LLC bought a new position in Stanley Black & Decker in the first quarter valued at approximately $26,000. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $25,000. Garde Capital Inc. lifted its position 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 valued at $35,000 after acquiring an additional 321 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Stanley Black & Decker by 87.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 272 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Stanley Black & Decker by 63.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 231 shares during the period. 87.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $80.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Morgan Stanley reissued a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.10.

Stanley Black & Decker Stock Down 1.3%

SWK stock opened at $62.86 on Wednesday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.46 and a beta of 1.21. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $93.63. The business has a 50 day moving average price of $71.20 and a two-hundred day moving average price of $70.24. The company has a quick ratio of 0.34, a current ratio of 1.04 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 earnings per share (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 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 given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, December 1st. Stanley Black & Decker’s dividend payout ratio (DPR) is 114.88%.

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.