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

Cibc World Markets Corp grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. State Street Corp boosted its position in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock valued at $998,107,000 after acquiring an additional 549,531 shares during the last quarter. Geode Capital Management LLC lifted its position in Stanley Black & Decker by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company's stock valued at $392,882,000 after acquiring an additional 35,100 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company's stock valued at $326,960,000 after acquiring an additional 235,106 shares in the last quarter. Clean Energy Transition LLP grew its stake 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 purchasing an additional 652,780 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Stanley Black & Decker by 7.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company's stock valued at $128,054,000 after acquiring an additional 109,100 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

SWK has been the subject of several recent analyst reports. Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday. Citigroup lowered their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. UBS Group lowered their price target on 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. Finally, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $102.20.

Stanley Black & Decker Stock Performance

SWK stock traded down $2.04 during midday trading on Wednesday, reaching $78.44. The company had a trading volume of 1,686,181 shares, compared to its average volume of 1,535,641. The stock has a 50 day moving average price of $85.41 and a 200 day moving average price of $90.51. The firm has a market capitalization of $12.12 billion, a PE ratio of 40.43, a P/E/G ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a fifty-two week low of $77.36 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.18%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

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.