Cardinal Point Capital Management ULC Buys Shares of 5,000 Stanley Black & Decker, Inc. $SWK

Key Points

• Cardinal Point Capital Management ULC has purchased a new position in Stanley Black & Decker, acquiring 5,000 shares valued at approximately $339,000.
• Multiple institutional investors have increased their holdings in Stanley Black & Decker, resulting in institutional ownership of 87.77% of the company's stock.
• Stanley Black & Decker's stock has a current rating of "Hold" from analysts, with an average target price of $88.10.

Cardinal Point Capital Management ULC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,000 shares of the industrial products company's stock, valued at approximately $339,000.

Several other institutional investors have also modified their holdings of the business. FSM Wealth Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth about $226,000. Forum Financial Management LP increased its holdings in Stanley Black & Decker by 3.7% in the second quarter. Forum Financial Management LP now owns 5,009 shares of the industrial products company's stock valued at $339,000 after buying an additional 178 shares in the last quarter. Ethic Inc. increased its holdings in Stanley Black & Decker by 2.8% in the second quarter. Ethic Inc. now owns 28,889 shares of the industrial products company's stock valued at $1,954,000 after buying an additional 775 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Stanley Black & Decker by 2.4% in the second quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company's stock valued at $496,000 after buying an additional 172 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Stanley Black & Decker by 0.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,979 shares of the industrial products company's stock worth $1,766,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Stanley Black & Decker in a report on Friday. Wolfe Research upgraded shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Jefferies Financial Group set a $86.00 price objective on shares of Stanley Black & Decker and gave the stock a "buy" rating in a report on Monday, August 18th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a report on Sunday, October 19th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $88.10.

Stanley Black & Decker Price Performance

NYSE SWK opened at $70.19 on Friday. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $104.35. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 22.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. The company has a 50-day moving average price of $73.75 and a two-hundred day moving average price of $69.07.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The firm had revenue of $3.72 billion for the quarter. Analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

About Stanley Black & Decker

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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