National Bank of Canada FI Boosts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

National Bank of Canada FI increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 60.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 117,426 shares of the industrial products company's stock after acquiring an additional 44,039 shares during the period. National Bank of Canada FI owned about 0.08% of Stanley Black & Decker worth $9,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors increased its stake in shares of Stanley Black & Decker by 126.5% in the fourth quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after buying an additional 3,063,114 shares during the period. Vulcan Value Partners LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $72,063,000. Ameriprise Financial Inc. boosted its position in shares of Stanley Black & Decker by 44.2% during the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after purchasing an additional 679,359 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Stanley Black & Decker by 7,765.7% during the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after purchasing an additional 575,129 shares in the last quarter. Finally, Mariner LLC boosted its position in shares of Stanley Black & Decker by 590.4% during the 4th quarter. Mariner LLC now owns 435,295 shares of the industrial products company's stock valued at $34,950,000 after purchasing an additional 372,247 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

SWK has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group cut their price target on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Barclays cut their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Stock Performance

Shares of SWK traded down $0.35 on Friday, reaching $74.07. 1,557,598 shares of the company's stock traded hands, compared to its average volume of 2,150,106. 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 $11.47 billion, a PE ratio of 23.51, a PEG ratio of 1.64 and a beta of 1.16. The stock's 50 day simple moving average is $69.52 and its two-hundred day simple moving average is $71.88. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same period last year, the business posted $1.09 earnings per share. The business's revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's payout ratio is presently 104.13%.

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.