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

Cardinal Capital Management Inc. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 298,165 shares of the industrial products company's stock after purchasing 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.

Several other large investors have also modified their holdings of the company. Cape Investment Advisory Inc. grew its position in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after purchasing an additional 237 shares during the last quarter. Millstone Evans Group LLC bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. raised its position in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Montag A & Associates Inc. bought a new position in Stanley Black & Decker in the 4th quarter worth approximately $44,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Stanley Black & Decker during the 4th quarter worth $55,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on SWK shares. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Robert W. Baird boosted their price objective on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Price Performance

Shares of SWK stock traded down $2.19 during trading on Friday, hitting $65.23. The company had a trading volume of 1,730,195 shares, compared to its average volume of 1,966,397. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The firm has a market capitalization of $10.09 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock's 50-day moving average price is $63.59 and its 200 day moving average price is $76.50.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The company's revenue was down 3.2% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a dividend yield of 5.03%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

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.