Cantor Fitzgerald Investment Advisors L.P. Reduces Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Cantor Fitzgerald Investment Advisors L.P. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 145,215 shares of the industrial products company's stock after selling 14,464 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned 0.09% of Stanley Black & Decker worth $11,164,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Stanley Black & Decker by 126.5% during the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after buying an additional 3,063,114 shares in the last quarter. Norges Bank purchased a new position in shares of Stanley Black & Decker in the 4th quarter worth $117,231,000. Invesco Ltd. lifted its holdings in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after acquiring an additional 763,219 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after buying an additional 679,359 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after buying an additional 575,129 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

Shares of NYSE SWK traded up $0.00 during mid-day trading on Friday, reaching $64.59. The company's stock had a trading volume of 3,615,209 shares, compared to its average volume of 1,993,596. The stock has a 50-day moving average of $64.21 and a two-hundred day moving average of $75.48. The stock has a market capitalization of $9.99 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.68 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The company's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Robert W. Baird boosted their target price on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group decreased their target price on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.