Cibc World Markets Corp Increases Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Cibc World Markets Corp raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 16.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,338 shares of the industrial products company’s stock after purchasing an additional 3,422 shares during the quarter. Cibc World Markets Corp’s holdings in Stanley Black & Decker were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SWK. Clean Energy Transition LLP boosted its position in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock valued at $218,518,000 after buying an additional 652,780 shares during the period. State Street Corp lifted its position in shares of Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after purchasing an additional 549,531 shares during the period. Amundi lifted its position in shares of Stanley Black & Decker by 124.7% in the 4th quarter. Amundi now owns 807,859 shares of the industrial products company’s stock worth $65,889,000 after purchasing an additional 448,411 shares during the period. FMR LLC lifted its position in shares of Stanley Black & Decker by 40.8% in the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock worth $101,663,000 after purchasing an additional 267,723 shares during the period. Finally, National Pension Service lifted its position in shares of Stanley Black & Decker by 485.1% in the 4th quarter. National Pension Service now owns 290,385 shares of the industrial products company’s stock worth $23,315,000 after purchasing an additional 240,752 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.4 %

NYSE:SWK opened at $79.40 on Friday. The firm has a market cap of $12.27 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The firm has a 50-day simple moving average of $85.43 and a two-hundred day simple moving average of $90.87.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker’s payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

SWK has been the subject of several research analyst reports. Barclays dropped their target price on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. UBS Group dropped their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup decreased their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $103.00.

About Stanley Black & Decker

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.