B. Riley Wealth Advisors Inc. Has $239,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

B. Riley Wealth Advisors Inc. lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 27.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,199 shares of the industrial products company’s stock after selling 831 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Stanley Black & Decker were worth $239,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings in Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after acquiring an additional 549,531 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Stanley Black & Decker by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after purchasing an additional 35,100 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the last quarter. Clean Energy Transition LLP boosted its position in Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Stanley Black & Decker by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after buying an additional 118,927 shares during the period. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 3.2 %

NYSE:SWK opened at $82.00 on Friday. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of -59.85, a PEG ratio of 2.24 and a beta of 1.23. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $91.47 and a two-hundred day moving average price of $93.49. 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 posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -239.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SWK shares. Mizuho upgraded 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. Barclays increased their price objective on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Robert W. Baird lowered their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. StockNews.com downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley decreased 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $103.25.

Stanley Black & Decker Company Profile

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.