Cambridge Investment Research Advisors Inc. Has $1.93 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Cambridge Investment Research Advisors Inc. lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 9.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,641 shares of the industrial products company’s stock after purchasing an additional 1,771 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Stanley Black & Decker were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SWK. Foresight Capital Management Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $2,593,000. Charles Schwab Investment Management Inc. raised its stake in Stanley Black & Decker by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock valued at $79,370,000 after purchasing an additional 13,540 shares during the period. Vest Financial LLC boosted its position in shares of Stanley Black & Decker by 44.0% in the fourth quarter. Vest Financial LLC now owns 338,624 shares of the industrial products company’s stock worth $33,219,000 after buying an additional 103,403 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Stanley Black & Decker during the third quarter valued at $1,605,000. Finally, Manchester Financial Inc. acquired a new position in Stanley Black & Decker during the fourth quarter valued at $2,067,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Buying and Selling

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the sale, the senior vice president now directly owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SWK. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Barclays downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $100.00 to $86.00 in a research report on Tuesday. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $95.44.

Check Out Our Latest Stock Analysis on Stanley Black & Decker

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $83.02 on Wednesday. Stanley Black & Decker, Inc. has a one year low of $76.26 and a one year high of $104.21. The company’s fifty day moving average price is $90.15 and its two-hundred day moving average price is $91.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned ($0.41) EPS. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio is currently -469.56%.

About Stanley Black & Decker

(Free Report)

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.

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

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