Cantor Fitzgerald Investment Advisors L.P. Sells 297 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cantor Fitzgerald Investment Advisors L.P. lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 162,162 shares of the industrial products company’s stock after selling 297 shares during the period. Stanley Black & Decker comprises 1.2% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 28th largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Stanley Black & Decker were worth $17,859,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Stanley Black & Decker by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock valued at $1,802,975,000 after purchasing an additional 1,250,925 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Stanley Black & Decker by 14,394.0% in the 3rd quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company’s stock valued at $43,353,000 after buying an additional 390,941 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares during the period. Sabal Trust CO bought a new position in Stanley Black & Decker in the second quarter valued at about $19,878,000. Finally, Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 8.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company’s stock worth $218,399,000 after purchasing an additional 212,103 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SWK. Barclays raised their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Robert W. Baird upped their price objective on Stanley Black & Decker from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised their target price on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. StockNews.com raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Morgan Stanley started coverage on shares of Stanley Black & Decker in a report on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.43.

Insider Activity

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the completion of the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Stanley Black & Decker Price Performance

Shares of SWK opened at $102.92 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a 50 day simple moving average of $103.68 and a 200 day simple moving average of $93.74. The firm has a market capitalization of $15.85 billion, a PE ratio of -53.05, a P/E/G ratio of 2.71 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. Stanley Black & Decker’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.18 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.19%. Stanley Black & Decker’s payout ratio is -169.07%.

Stanley Black & Decker Profile

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.