Romano Brothers AND Company Has $1.50 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Romano Brothers AND Company lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 28.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,685 shares of the industrial products company's stock after selling 7,600 shares during the quarter. Romano Brothers AND Company's holdings in Stanley Black & Decker were worth $1,500,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after purchasing an additional 133 shares during the period. Ridgewood Investments LLC bought a new position in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. EverSource Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 237 shares during the period. Waldron Private Wealth LLC acquired a new stake in Stanley Black & Decker in the third quarter worth approximately $59,000. Finally, Armstrong Advisory Group Inc. bought a new position in Stanley Black & Decker during the 3rd quarter valued at $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $0.37 during trading hours on Friday, hitting $84.34. 1,510,697 shares of the stock were exchanged, compared to its average volume of 1,258,424. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The firm has a market capitalization of $13.00 billion, a P/E ratio of -61.56, a P/E/G ratio of 1.69 and a beta of 1.24. The company's 50 day moving average is $84.14 and its 200 day moving average is $93.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.80 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm's revenue was down 5.1% on a year-over-year basis. On average, research analysts expect that Stanley Black & Decker, Inc. will post 4.13 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.89%. Stanley Black & Decker's dividend payout ratio is presently -239.42%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Mizuho upgraded shares of Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $101.25.

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 Storage segment, and Industrial segment.