Cibc World Markets Corp Purchases 3,422 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cibc World Markets Corp boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 24,338 shares of the industrial products company’s stock after acquiring an additional 3,422 shares during the period. Cibc World Markets Corp’s holdings in Stanley Black & Decker were worth $1,954,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SWK. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at approximately $36,000. Cape Investment Advisory Inc. raised its holdings in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $44,000. Finally, Crews Bank & Trust bought a new stake in shares of Stanley Black & Decker during the 4th quarter valued at $49,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SWK shares. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Thursday, December 19th. UBS Group reduced their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Citigroup cut 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 report on Thursday, February 6th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Finally, Wells Fargo & Company dropped their price objective on 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK opened at $79.40 on Friday. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 40.93, a P/E/G ratio of 1.33 and a beta of 1.25. The stock’s 50-day moving average is $85.43 and its 200 day moving average is $90.87. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

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

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.