Cardinal Capital Management Inc. Acquires 36,354 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cardinal Capital Management Inc. lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 298,165 shares of the industrial products company's stock after acquiring an additional 36,354 shares during the quarter. Cardinal Capital Management Inc. owned approximately 0.19% of Stanley Black & Decker worth $22,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Research Global Investors increased its position in Stanley Black & Decker by 126.5% during the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock worth $440,424,000 after buying an additional 3,063,114 shares during the last quarter. Norges Bank acquired a new position in Stanley Black & Decker during the fourth quarter worth approximately $117,231,000. Invesco Ltd. increased its position in Stanley Black & Decker by 22.6% during the fourth quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock worth $332,336,000 after buying an additional 763,219 shares during the last quarter. Ameriprise Financial Inc. increased its position in Stanley Black & Decker by 44.2% during the fourth quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock worth $177,905,000 after buying an additional 679,359 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Stanley Black & Decker by 7,765.7% during the fourth quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock worth $46,772,000 after buying an additional 575,129 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

NYSE:SWK traded down $1.06 during trading hours on Wednesday, reaching $68.11. 2,237,911 shares of the company were exchanged, compared to its average volume of 1,966,014. The company has a market capitalization of $10.54 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.33 and a beta of 1.18. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year 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. The business has a 50 day moving average of $63.32 and a 200 day moving average of $76.73.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 earnings per share. Research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is presently 136.10%.

Wall Street Analyst Weigh In

SWK has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird upped their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Barclays raised Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group decreased their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $91.10.

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 Outdoor and Industrial segments.