Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 84.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,936 shares of the industrial products company's stock after buying an additional 36,552 shares during the period. National Bank of Canada FI owned approximately 0.05% of Stanley Black & Decker worth $8,803,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rise Advisors LLC grew its holdings in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock worth $29,000 after purchasing an additional 133 shares during the last quarter. AlphaMark Advisors LLC purchased a new position in Stanley Black & Decker during the 2nd quarter worth $32,000. EverSource Wealth Advisors LLC increased its position in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock valued at $42,000 after buying an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker in the third quarter valued at about $59,000. Finally, Armstrong Advisory Group Inc. acquired a new stake in Stanley Black & Decker in the third quarter worth about $72,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

Shares of SWK traded down $1.09 during mid-day trading on Thursday, reaching $82.71. The company had a trading volume of 1,199,733 shares, compared to its average volume of 1,462,867. The stock has a 50 day moving average of $95.03 and a two-hundred day moving average of $93.67. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $12.75 billion, a P/E ratio of -60.66, a PEG ratio of 2.28 and a beta of 1.23. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.17. The firm had revenue of $3.75 billion during the quarter, compared to analysts' expectations 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 revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Friday, November 29th. Stanley Black & Decker's payout ratio is currently -239.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SWK shares. Morgan Stanley cut their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th. Robert W. Baird lowered their price target on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Finally, Barclays increased their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average target price of $102.29.

About Stanley Black & Decker

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.