Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,018 shares of the industrial products company's stock after buying an additional 18,190 shares during the quarter. Stanley Black & Decker comprises about 0.7% of Mount Yale Investment Advisors LLC's portfolio, making the stock its 28th biggest holding. Mount Yale Investment Advisors LLC's holdings in Stanley Black & Decker were worth $6,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in SWK. Capital Analysts LLC purchased a new position in shares of Stanley Black & Decker during the 1st quarter worth approximately $27,000. M&R Capital Management Inc. boosted its position in shares of Stanley Black & Decker by 83.6% during the first quarter. M&R Capital Management Inc. now owns 347 shares of the industrial products company's stock worth $28,000 after buying an additional 158 shares during the period. OLD Mission Capital LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $34,000. Achmea Investment Management B.V. acquired a new position in Stanley Black & Decker during the 1st quarter worth about $36,000. Finally, ICA Group Wealth Management LLC purchased a new position in Stanley Black & Decker during the 4th quarter valued at about $37,000. 88.97% of the stock is currently owned by institutional investors and hedge funds.

SWK has been the topic of a number of recent research reports. Zelman & Associates upgraded shares of Stanley Black & Decker from a "hold" rating to a "buy" rating in a research note on Friday. StockNews.com started coverage on shares of Stanley Black & Decker in a research report on Thursday, August 17th. They issued a "hold" rating for the company. Citigroup upped their price objective on Stanley Black & Decker from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 2nd. Mizuho lifted their target price on Stanley Black & Decker from $90.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley upped their price target on Stanley Black & Decker from $90.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $96.00.

Get Our Latest Stock Analysis on SWK

Shares of NYSE SWK traded up $0.16 during mid-day trading on Tuesday, reaching $89.81. The company had a trading volume of 275,657 shares, compared to its average volume of 1,702,705. Stanley Black & Decker, Inc. has a 52-week low of $70.24 and a 52-week high of $104.21. The stock has a market cap of $13.76 billion, a P/E ratio of 17.65, a PEG ratio of 5.91 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $94.23 and a two-hundred day simple moving average of $86.26.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The industrial products company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.25. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.14 billion. Stanley Black & Decker had a return on equity of 0.26% and a net margin of 4.84%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.77 earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 5th will be given a $0.81 dividend. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Friday, September 1st. This represents a $3.24 annualized dividend and a yield of 3.61%. Stanley Black & Decker's dividend payout ratio is 63.78%.

In other Stanley Black & Decker news, SVP Janet Link sold 3,081 shares of Stanley Black & Decker stock in a transaction on Monday, August 7th. The shares were sold at an average price of $98.76, for a total value of $304,279.56. Following the transaction, the senior vice president now directly owns 32,690 shares in the company, valued at $3,228,464.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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