B. Riley Wealth Advisors Inc. Has $553,000 Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

B. Riley Wealth Advisors Inc. boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 213.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,886 shares of the industrial products company's stock after acquiring an additional 4,687 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Stanley Black & Decker were worth $553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cape Investment Advisory Inc. boosted its stake 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 in the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. increased its stake in 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 acquiring an additional 199 shares during the period. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker in the fourth quarter worth about $44,000. Finally, Crews Bank & Trust acquired a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

SWK has been the topic of a number of analyst reports. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. UBS Group cut their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price on the stock. Finally, Robert W. Baird raised their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Trading Down 1.7%

Stanley Black & Decker stock traded down $1.16 during trading hours on Friday, reaching $65.37. 11,572,426 shares of the company's stock traded hands, compared to its average volume of 1,944,053. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The firm's 50 day moving average is $64.63 and its 200-day moving average is $77.79.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The firm's quarterly revenue was down 3.2% on a year-over-year basis. On average, analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.02%. Stanley Black & Decker's payout ratio is currently 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.