Connor Clark & Lunn Investment Management Ltd. Acquires 3,686 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,084 shares of the industrial products company's stock after acquiring an additional 3,686 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Stanley Black & Decker were worth $3,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC grew its holdings in shares of Stanley Black & Decker by 1,138.5% during the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after purchasing an additional 296 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in Stanley Black & Decker in the first quarter worth $31,000. TD Private Client Wealth LLC grew its stake in shares of Stanley Black & Decker by 830.4% in the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock worth $33,000 after acquiring an additional 382 shares during the last quarter. CX Institutional purchased a new stake in shares of Stanley Black & Decker during the first quarter valued at $43,000. Finally, WASHINGTON TRUST Co boosted its position in shares of Stanley Black & Decker by 530.1% during the first quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after buying an additional 705 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Trading Down 0.5%

SWK stock traded down $0.35 during midday trading on Friday, reaching $74.07. The company's stock had a trading volume of 1,557,598 shares, compared to its average volume of 2,150,106. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The stock has a market cap of $11.47 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $69.52 and its 200-day simple moving average is $71.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.70. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. Stanley Black & Decker's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research raised Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price target on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Barclays reduced their price target on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, UBS Group reduced their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.