Cibc World Market Inc. Invests $1.77 Million in Stanley Black & Decker, Inc. $SWK

Key Points

• CIBC World Market acquired 18,772 shares of Stanley Black & Decker worth approximately $1.77 million, while institutional investors and hedge funds collectively own 87.77% of the company.
• Analyst sentiment remains mixed: Citigroup raised its price target to $107 and Wall Street Zen upgraded the stock to “strong-buy,” but the consensus rating is “Hold” with an average target of $92.25.
• Stanley Black & Decker beat quarterly earnings expectations with EPS of $1.57 versus $1.21 expected, while revenue reached $3.96 billion. The company also raised its quarterly dividend to $0.84, implying a 3.4% annualized yield.

Cibc World Market Inc. bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,772 shares of the industrial products company's stock, valued at approximately $1,767,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cardinal Point Capital Management ULC boosted its stake in Stanley Black & Decker by 2.7% in the fourth quarter. Cardinal Point Capital Management ULC now owns 4,800 shares of the industrial products company's stock valued at $357,000 after buying an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Stanley Black & Decker by 2.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,606 shares of the industrial products company's stock valued at $342,000 after acquiring an additional 126 shares during the last quarter. Boothbay Fund Management LLC raised its stake in Stanley Black & Decker by 4.0% during the fourth quarter. Boothbay Fund Management LLC now owns 3,471 shares of the industrial products company's stock worth $258,000 after acquiring an additional 132 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Stanley Black & Decker by 1.5% in the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company's stock worth $654,000 after acquiring an additional 134 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Stanley Black & Decker by 19.9% in the 1st quarter. Assetmark Inc. now owns 880 shares of the industrial products company's stock valued at $63,000 after purchasing an additional 146 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SWK shares. Citigroup lifted their price target on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wall Street Zen raised Stanley Black & Decker from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 1st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $93.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Stanley Black & Decker from $65.00 to $75.00 and gave the company an "underweight" rating in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Stanley Black & Decker from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Stanley Black & Decker has an average rating of "Hold" and a consensus price target of $92.25.

Stanley Black & Decker Stock Performance

Shares of SWK opened at $99.31 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.55 and a debt-to-equity ratio of 0.53. The firm's fifty day simple moving average is $94.22 and its two-hundred day simple moving average is $83.62. Stanley Black & Decker, Inc. has a 12 month low of $61.90 and a 12 month high of $104.68. The stock has a market capitalization of $15.00 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.36. Stanley Black & Decker had a return on equity of 8.78% and a net margin of 4.07%.The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company posted $1.08 EPS. The business's quarterly revenue was up .4% on a year-over-year basis. Stanley Black & Decker has set its FY 2026 guidance at 4.900-5.700 EPS. As a group, analysts predict that Stanley Black & Decker, Inc. will post 5.57 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th will be issued a $0.84 dividend. The ex-dividend date is Tuesday, September 8th. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.83. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. Stanley Black & Decker's dividend payout ratio is presently 80.98%.

About Stanley Black & Decker

Stanley Black & Decker, Inc NYSE: SWK is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company's portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.

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