Stratos Wealth Partners LTD. Sells 402 Shares of Stanley Black & Decker, Inc. $SWK

Stratos Wealth Partners LTD. decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,461 shares of the industrial products company’s stock after selling 402 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Stanley Black & Decker were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its position in Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 296 shares during the last quarter. 1248 Management LLC bought a new stake in Stanley Black & Decker during the 1st quarter worth $26,000. TD Private Client Wealth LLC grew its position in Stanley Black & Decker by 830.4% during the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 382 shares during the last quarter. Garde Capital Inc. grew its position in Stanley Black & Decker by 160.5% during the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in Stanley Black & Decker by 530.1% during the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 705 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Trading Down 0.3%

NYSE SWK opened at $70.19 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $104.35. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $73.75 and its two-hundred day moving average price is $69.07. The firm has a market capitalization of $10.86 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 EPS for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The company had revenue of $3.72 billion for the quarter. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group set a $86.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Monday, August 18th. Wells Fargo & Company boosted their price objective on Stanley Black & Decker from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Wall Street Zen lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Friday. Finally, Barclays reduced their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.10.

About Stanley Black & Decker

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.