WealthPLAN Partners LLC Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)


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WealthPLAN Partners LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,824 shares of the industrial products company’s stock after buying an additional 3,670 shares during the period. Stanley Black & Decker accounts for approximately 1.0% of WealthPLAN Partners LLC’s portfolio, making the stock its 29th largest position. WealthPLAN Partners LLC’s holdings in Stanley Black & Decker were worth $11,386,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SWK. JFG Wealth Management LLC purchased a new position in Stanley Black & Decker during the third quarter worth about $32,000. Arkadios Wealth Advisors raised its holdings in Stanley Black & Decker by 99.0% during the third quarter. Arkadios Wealth Advisors now owns 203 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Stanley Black & Decker by 51.4% during the third quarter. Harbor Investment Advisory LLC now owns 271 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 92 shares in the last quarter. NEXT Financial Group Inc purchased a new position in Stanley Black & Decker during the third quarter worth about $45,000. Finally, South State CORP. purchased a new position in Stanley Black & Decker during the third quarter worth about $47,000. 85.41% of the stock is owned by institutional investors and hedge funds.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 6,250 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $179.32, for a total transaction of $1,120,750.00. Following the completion of the transaction, the executive vice president now directly owns 20,900 shares of the company’s stock, valued at approximately $3,747,788. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert H. Raff, Jr. sold 1,875 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $179.80, for a total transaction of $337,125.00. Following the transaction, the insider now directly owns 6,967 shares of the company’s stock, valued at $1,252,666.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,667 shares of company stock worth $1,913,742 in the last ninety days. 1.00% of the stock is currently owned by insiders.

NYSE SWK traded down $0.81 during mid-day trading on Tuesday, reaching $172.70. 9,159 shares of the stock were exchanged, compared to its average volume of 1,305,990. Stanley Black & Decker, Inc. has a 1-year low of $70.00 and a 1-year high of $195.00. The business’s fifty day simple moving average is $174.93 and its 200 day simple moving average is $172.19. The stock has a market capitalization of $27.67 billion, a PE ratio of 28.17, a PEG ratio of 2.68 and a beta of 1.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.69 and a current ratio of 1.37.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, January 27th. The industrial products company reported $3.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.31. Stanley Black & Decker had a net margin of 6.98% and a return on equity of 15.05%. The company had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter last year, the firm posted $2.18 earnings per share. Stanley Black & Decker’s revenue was up 18.7% on a year-over-year basis. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 8.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 23rd. Investors of record on Tuesday, March 9th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 8th. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.33%.

Several research analysts recently issued reports on SWK shares. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $220.00 to $217.00 and set an “overweight” rating for the company in a report on Tuesday, January 12th. Barclays increased their target price on shares of Stanley Black & Decker from $184.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, November 30th. Bank of America cut shares of Stanley Black & Decker from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $187.00 to $175.00 in a report on Monday, January 4th. UBS Group increased their target price on shares of Stanley Black & Decker from $227.00 to $241.00 and gave the company a “buy” rating in a report on Monday, February 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Stanley Black & Decker from $192.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and a consensus target price of $185.36.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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