IFP Advisors Inc Has $89,000 Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

IFP Advisors Inc decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 54.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,158 shares of the industrial products company’s stock after selling 1,396 shares during the period. IFP Advisors Inc’s holdings in Stanley Black & Decker were worth $89,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Capital Research Global Investors boosted its position in Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company’s stock valued at $440,424,000 after buying an additional 3,063,114 shares in the last quarter. Invesco Ltd. boosted its position in Stanley Black & Decker by 22.6% in the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company’s stock valued at $332,336,000 after buying an additional 763,219 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company’s stock worth $177,905,000 after purchasing an additional 679,359 shares during the period. Marshall Wace LLP lifted its holdings in shares of Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company’s stock worth $46,772,000 after purchasing an additional 575,129 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Stanley Black & Decker by 590.4% during the fourth quarter. Mariner LLC now owns 435,295 shares of the industrial products company’s stock worth $34,950,000 after purchasing an additional 372,247 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SWK shares. Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating on the stock in a report on Monday, May 5th. Barclays cut their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $93.80.

Stanley Black & Decker Trading Down 1.2%

SWK opened at $67.80 on Thursday. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The company has a current ratio of 1.04, a quick ratio of 0.36 and a debt-to-equity ratio of 0.52. The company has a market cap of $10.49 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.30 and a beta of 1.18. The company has a fifty day moving average price of $68.43 and a two-hundred day moving average price of $73.27.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.83 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.82. This represents a $3.32 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker’s payout ratio is 136.10%.

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.