Legacy Financial Advisors Inc. Acquires 1,544 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Legacy Financial Advisors Inc. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 41.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,287 shares of the industrial products company’s stock after purchasing an additional 1,544 shares during the period. Legacy Financial Advisors Inc.’s holdings in Stanley Black & Decker were worth $424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Stanley Black & Decker by 85.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,485 shares of the industrial products company’s stock valued at $934,000 after acquiring an additional 3,907 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Stanley Black & Decker in the 3rd quarter worth approximately $203,000. National Bank of Canada FI lifted its holdings in Stanley Black & Decker by 84.3% during the 3rd quarter. National Bank of Canada FI now owns 79,936 shares of the industrial products company’s stock worth $8,803,000 after buying an additional 36,552 shares in the last quarter. MML Investors Services LLC boosted its position in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after buying an additional 127 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Stanley Black & Decker by 30.9% in the 3rd quarter. Barclays PLC now owns 427,337 shares of the industrial products company’s stock valued at $47,061,000 after buying an additional 100,894 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 8.8 %

NYSE SWK opened at $58.59 on Friday. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm has a market cap of $9.05 billion, a P/E ratio of 30.20, a P/E/G ratio of 1.33 and a beta of 1.14. The stock’s 50-day moving average is $80.05 and its 200-day moving average is $87.29.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is 169.07%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. UBS Group lowered their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker Company 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.