Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Lifted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 396.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,842 shares of the industrial products company's stock after acquiring an additional 14,250 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Stanley Black & Decker were worth $1,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC increased its holdings in shares of Stanley Black & Decker by 2.2% in the fourth quarter. HighTower Advisors LLC now owns 52,240 shares of the industrial products company's stock valued at $4,194,000 after purchasing an additional 1,131 shares during the period. Moors & Cabot Inc. lifted its position in shares of Stanley Black & Decker by 10.4% in the fourth quarter. Moors & Cabot Inc. now owns 5,067 shares of the industrial products company's stock valued at $407,000 after acquiring an additional 477 shares in the last quarter. Miller Financial Services LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $333,000. Independent Advisor Alliance lifted its position in shares of Stanley Black & Decker by 11.6% in the fourth quarter. Independent Advisor Alliance now owns 9,259 shares of the industrial products company's stock valued at $743,000 after acquiring an additional 963 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Stanley Black & Decker by 0.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 25,839 shares of the industrial products company's stock worth $2,075,000 after buying an additional 217 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. UBS Group reduced their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Barclays decreased their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 8th. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price objective for the company in a research report on Thursday, December 19th. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has a consensus rating of "Hold" and an average target price of $103.00.

Stanley Black & Decker Trading Up 1.0 %

NYSE SWK traded up $0.82 during mid-day trading on Wednesday, reaching $82.14. 1,421,462 shares of the stock were exchanged, compared to its average volume of 1,528,074. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The business's fifty day simple moving average is $85.45 and its 200 day simple moving average is $91.16. The stock has a market capitalization of $12.69 billion, a PE ratio of 42.34, a PEG ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping 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%. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 3.99%. Stanley Black & Decker's dividend payout ratio is currently 169.07%.

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.