CFS Investment Advisory Services LLC Has $269,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

CFS Investment Advisory Services LLC trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 51.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,447 shares of the industrial products company’s stock after selling 2,591 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Stanley Black & Decker were worth $269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after purchasing an additional 235,106 shares during the period. ProShare Advisors LLC raised its position in shares of Stanley Black & Decker by 6.4% in the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after purchasing an additional 118,927 shares during the period. Dimensional Fund Advisors LP increased its position in 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 worth $134,444,000 after acquiring an additional 267,013 shares during the period. Cooke & Bieler LP increased its position in Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after acquiring an additional 69,850 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Stanley Black & Decker by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock worth $113,457,000 after acquiring an additional 12,305 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SWK shares. Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Robert W. Baird dropped their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, UBS Group boosted their price objective on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK opened at $89.25 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $100.13 and a 200 day simple moving average of $93.74.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker’s payout ratio is presently -239.42%.

About Stanley Black & Decker

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.