Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,398 shares of the industrial products company's stock, valued at approximately $3,484,000.
Other hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in shares of Stanley Black & Decker by 9.2% in the third quarter. Atria Investments Inc now owns 7,736 shares of the industrial products company's stock valued at $852,000 after purchasing an additional 649 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of Stanley Black & Decker in the third quarter valued at about $241,000. Victory Capital Management Inc. increased its holdings in shares of Stanley Black & Decker by 20.3% in the third quarter. Victory Capital Management Inc. now owns 125,250 shares of the industrial products company's stock valued at $13,794,000 after purchasing an additional 21,120 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Stanley Black & Decker by 0.8% in the third quarter. CIBC Asset Management Inc now owns 22,593 shares of the industrial products company's stock valued at $2,488,000 after purchasing an additional 174 shares during the period. Finally, Empirical Finance LLC increased its holdings in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company's stock valued at $581,000 after purchasing an additional 111 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SWK. Barclays cut their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group began coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Wells Fargo & Company dropped their target price 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 dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Citigroup dropped their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $103.00.
Check Out Our Latest Stock Analysis on Stanley Black & Decker
Stanley Black & Decker Price Performance
SWK stock traded down $1.12 during mid-day trading on Friday, reaching $79.40. 2,487,212 shares of the company's stock were exchanged, compared to its average volume of 1,533,897. The company has a market cap of $12.27 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. The stock's 50 day moving average is $85.44 and its 200 day moving average is $91.03. 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 0.64, a current ratio of 1.30 and a quick ratio of 0.37.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last released 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%. On average, research analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.
Stanley Black & Decker Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date was Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.13%. Stanley Black & Decker's payout ratio is 169.07%.
Stanley Black & Decker Company Profile
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Free Report)
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.
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