Forvis Mazars Wealth Advisors LLC Sells 889 Shares of Stanley Black & Decker, Inc. $SWK

Forvis Mazars Wealth Advisors LLC trimmed its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,553 shares of the industrial products company’s stock after selling 889 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Stanley Black & Decker were worth $308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWK. GAMMA Investing LLC lifted its stake in shares of Stanley Black & Decker by 40.5% during the 1st quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company’s stock worth $348,000 after acquiring an additional 1,304 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Stanley Black & Decker by 38.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,311 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 28,154 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $245,000. State of Alaska Department of Revenue lifted its stake in shares of Stanley Black & Decker by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 18,051 shares of the industrial products company’s stock worth $1,387,000 after acquiring an additional 475 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of Stanley Black & Decker by 18.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company’s stock worth $1,494,000 after acquiring an additional 3,009 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research analyst reports. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday. Morgan Stanley reaffirmed a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Robert W. Baird lifted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 8th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.10.

Stanley Black & Decker Trading Up 1.8%

SWK opened at $69.09 on Tuesday. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.42 and a beta of 1.19. 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 $106.54. The stock has a fifty day moving average price of $74.06 and a 200-day moving average price of $68.88.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS 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%. As a group, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.82. Stanley Black & Decker’s dividend payout ratio is presently 105.40%.

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.