CIBC Asset Management Inc Acquires 834 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

CIBC Asset Management Inc raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,427 shares of the industrial products company’s stock after buying an additional 834 shares during the quarter. CIBC Asset Management Inc’s holdings in Stanley Black & Decker were worth $1,881,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SWK. Empirical Finance LLC boosted its position 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 acquiring an additional 111 shares during the period. Advisors Management Group Inc. ADV boosted its holdings in Stanley Black & Decker by 3.2% in the 3rd quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 117 shares during the period. MML Investors Services LLC grew its position in Stanley Black & Decker by 0.8% in the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 127 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Stanley Black & Decker by 1.4% during the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after purchasing an additional 130 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Stanley Black & Decker by 0.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock valued at $1,758,000 after buying an additional 149 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $87.95 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a 50 day moving average of $84.23 and a 200-day moving average of $92.89. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The firm has a market cap of $13.58 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.32 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 3.73%. Stanley Black & Decker’s dividend payout ratio (DPR) is 169.07%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SWK. Citigroup lowered their price target 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. Robert W. Baird lowered their price objective on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday. They issued a “buy” rating and a $103.00 price target on the stock. Finally, Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.00.

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 Storage segment, and Industrial segment.