Arete Wealth Advisors LLC Trims Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Arete Wealth Advisors LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 4.5% in the first quarter, Holdings Channel.com reports. The fund owned 3,438 shares of the industrial products company’s stock after selling 162 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of SWK. Okabena Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $28,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $34,000. Riverview Trust Co purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $26,000. Finally, Bank of New Hampshire purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at about $29,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, Director Andrea J. Ayers purchased 15,500 shares of Stanley Black & Decker stock in a transaction on Tuesday, August 2nd. The shares were bought at an average price of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the acquisition, the director now directly owns 15,500 shares of the company’s stock, valued at $1,483,195. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

SWK has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Stanley Black & Decker from $158.00 to $128.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Morgan Stanley dropped their price target on shares of Stanley Black & Decker from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. Robert W. Baird dropped their price target on shares of Stanley Black & Decker from $130.00 to $116.00 in a research note on Friday, July 29th. Finally, Vertical Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating and dropped their price target for the stock from $130.00 to $110.00 in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $121.75.

Stanley Black & Decker Trading Up 2.5 %

Shares of SWK opened at $95.97 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.28 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average is $108.54 and its two-hundred day moving average is $133.49. Stanley Black & Decker, Inc. has a twelve month low of $91.88 and a twelve month high of $203.69. The firm has a market capitalization of $14.19 billion, a P/E ratio of 15.53, a PEG ratio of 1.90 and a beta of 1.26.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its earnings results on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.35). Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.48 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, September 2nd. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.79. Stanley Black & Decker’s dividend payout ratio is 51.13%.

Stanley Black & Decker Company Profile

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Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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