Capital Investment Advisory Services LLC Takes $201,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Capital Investment Advisory Services LLC bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, Holdings Channel reports. The fund bought 2,044 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Foresight Capital Management Advisors Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter worth $2,593,000. Charles Schwab Investment Management Inc. grew its stake in Stanley Black & Decker by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 949,632 shares of the industrial products company’s stock worth $79,370,000 after purchasing an additional 13,540 shares during the period. Vest Financial LLC grew its stake in 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 purchasing an additional 103,403 shares during the period. Neo Ivy Capital Management purchased a new stake in Stanley Black & Decker in the third quarter worth $1,605,000. Finally, Manchester Financial Inc. purchased a new stake in Stanley Black & Decker in the fourth quarter worth $2,067,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 0.5 %

SWK stock opened at $90.27 on Thursday. Stanley Black & Decker, Inc. has a fifty-two week low of $73.87 and a fifty-two week high of $104.21. The business’s 50-day moving average is $91.53 and its two-hundred day moving average is $90.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 1.19. The company has a market cap of $13.88 billion, a price-to-earnings ratio of -43.40, a P/E/G ratio of 2.45 and a beta of 1.34.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is -155.77%.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. Robert W. Baird dropped their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Wells Fargo & Company dropped their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, Barclays boosted their target price on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $98.11.

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.