CWA Asset Management Group LLC Invests $269,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

CWA Asset Management Group LLC bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 3rd quarter, Holdings Channel.com reports. The fund bought 2,440 shares of the industrial products company’s stock, valued at approximately $269,000.

A number of other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Stanley Black & Decker by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company’s stock worth $1,802,975,000 after acquiring an additional 1,250,925 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $218,399,000 after purchasing an additional 212,103 shares during the period. ProShare Advisors LLC grew its holdings 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after buying an additional 267,013 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in Stanley Black & Decker by 4.8% during the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after buying an additional 69,850 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SWK. The Goldman Sachs Group upped their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group increased their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Trading Down 3.0 %

Shares of Stanley Black & Decker stock opened at $87.48 on Wednesday. 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 company has a fifty day simple moving average of $102.23 and a 200-day simple moving average of $93.95. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of -63.92, a PEG ratio of 2.42 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.13 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given 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 dividend yield of 3.75%. Stanley Black & Decker’s dividend payout ratio (DPR) 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.