Sequoia Financial Advisors LLC Buys 14,250 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Sequoia Financial Advisors LLC boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 396.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $36,000. Cape Investment Advisory Inc. raised its holdings in Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares in the last quarter. Montag A & Associates Inc. bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth about $44,000. Finally, Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $49,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $81.07 on Friday. The company has a market capitalization of $12.52 billion, a P/E ratio of 41.79, a P/E/G ratio of 1.33 and a beta of 1.25. The business has a fifty day simple moving average of $85.48 and a two-hundred day simple moving average of $91.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88.

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

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SWK. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. UBS Group reduced 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 research note on Friday, February 7th. Barclays cut their price target on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. Finally, Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. One 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. According to data from MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus price target of $103.00.

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.