Avidian Wealth Enterprises LLC Takes $268,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Avidian Wealth Enterprises LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,438 shares of the industrial products company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rise Advisors LLC grew its holdings in shares of Stanley Black & Decker by 99.3% during the 3rd quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares in the last quarter. AlphaMark Advisors LLC bought a new position in Stanley Black & Decker in the second quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in 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 worth $42,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC bought a new stake in Stanley Black & Decker in the 3rd quarter valued at $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $72,000. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 0.2 %

Shares of SWK opened at $91.88 on Friday. The stock’s fifty day simple moving average is $102.92 and its 200-day simple moving average is $93.90. The firm has a market capitalization of $14.16 billion, a PE ratio of -67.07, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the prior year, the company posted $1.05 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group boosted their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley dropped their price objective on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Finally, Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average target price of $102.29.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.