Bank of Montreal Can Acquires 116,754 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of Montreal Can increased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 64.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 298,266 shares of the industrial products company's stock after purchasing an additional 116,754 shares during the period. Bank of Montreal Can owned about 0.19% of Stanley Black & Decker worth $32,726,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Acorn Wealth Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $216,000. Whetstone Capital Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $216,000. Boston Family Office LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $229,000. DRW Securities LLC acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at $207,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Stanley Black & Decker by 8.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 25,622 shares of the industrial products company's stock valued at $2,822,000 after buying an additional 2,010 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK traded up $0.50 during trading on Friday, hitting $89.45. The stock had a trading volume of 523,986 shares, compared to its average volume of 1,447,207. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The company has a 50 day simple moving average of $99.00 and a 200-day simple moving average of $93.81.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The business's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.67%. Stanley Black & Decker's payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of research reports. Barclays lifted their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $102.29.

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.