Janney Montgomery Scott LLC is an established American investment firm specializing in wealth management and financial advisory. The company recently disclosed in its SEC filing that it added nearly 17% more in shares of Stanley Black & Decker Inc (NYSE:SWK) during the fourth quarter, making its holdings worth $11,987,000 by the end of the quarter.
Stanley Black & Decker’s reputation as a global diversified industrial company makes it an attractive investment opportunity for firms like Janney Montgomery Scott LLC. Despite the tough market conditions caused by the COVID-19 pandemic, if we look at Stanley Black & Decker’s financial performance in recent times; we can see that this investment decision from Janney Montgomery Scott LLC looks well represented. Not only did the company beat many analysts’ expectations, it even managed to post a net margin of 6.24%, which is impressive.
Interestingly, Stanley Black & Decker posted revenue of $4 billion this quarter compared to $3.88 billion a year ago. Consequently, SWK shares rose nearly six percent after the February 2 earnings report was released. Furthermore, analysts expect that Stanley Black & Decker will post approximately 0.77 EPS for the current fiscal year.
In related news, Janet Link, who holds senior vice president status at SWK, sold about 2,581 shares of Stanley Black & Decker at an average price of $85.73 per share for a total of $221,269.13 on Feb. 28 — just over three weeks after announcing the positive earnings report ! While insiders currently own only half a percent of the company’s stock, savvy investors like Janney Montgomery Scott LLC know what they’re doing based on good research and insightful analysis.
Janney Montgomery Scott LLC recently made smart moves by diversifying its portfolio into companies like Stanley Black & Decker. This financial move was successful because it meant they were able to take advantage of the company’s impressive net margin and revenue, while at the same time making a significant profit from transactions such as Janet Link selling Welch’s stock. Although investments remain volatile, Janney Montgomery Scott LLC is ready to make more cunning financial plays like this in the future.
Institutional investors are increasing their stake in Stanley Black & Decker amid mixed ratings from brokerages
Stanley Black & Decker, a leading industrial products company, recently saw an increase in investment from several large investors. DekaBank Deutsche Girozentrale boosted its stake in the company by 61.1% in the fourth quarter, while Keybank National Association OH raised its position by 55.2%. BerganKDV Wealth Management LLC also increased its position by 0.6% and WealthBridge Capital Management LLC raised its stake by 15.4% during the same period. Also, AE Wealth Management LLC bought a new stake in Stanley Black & Decker worth $417,000.
Institutional investors currently own approximately 88.01% of the company, with a market cap of $12.19 billion, a P/E ratio of 11.73 and a beta of 1.30. The company’s fifty day simple moving average is $82.16, and the two hundred day simple moving average is $80.79.
In other news, SVP Janet Link recently sold 2,581 shares at an average price of $85.73 per share, for a total value of $221,269.13. Insiders currently own approximately 0.50% of the company’s stock.
Additionally, Stanley Black & Decker announced a March quarterly dividend to shareholders of record on March 7th, amounting to $0.80 per share on an annualized basis and yielding approximately 4.02%. The ex-dividend date was March 6 and the dividend payout ratio is currently set at 47%.
Several brokerages also issued reports on shares of Stanley Black & Decker recently with mixed ratings; Citigroup raised its rating from sell to neutral, while Wells Fargo lowered its price target to $85 from $105 and set an equal weight rating on the company.
Overall, Stanley Black & Decker remains the leading industrial products company in the market with significant investment from major institutional investors as well as reports from various brokerages.