Cardinal Capital Management Inc. Decreases Position in Stanley Black & Decker, Inc. $SWK

Cardinal Capital Management Inc. trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 96.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,935 shares of the industrial products company’s stock after selling 287,607 shares during the quarter. Cardinal Capital Management Inc.’s holdings in Stanley Black & Decker were worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board boosted its stake in Stanley Black & Decker by 8.3% in the 1st quarter. Public Sector Pension Investment Board now owns 20,887 shares of the industrial products company’s stock worth $1,606,000 after purchasing an additional 1,594 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Stanley Black & Decker by 16.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 4,154 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 597 shares during the period. Dimensional Fund Advisors LP raised its stake in Stanley Black & Decker by 29.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,621,127 shares of the industrial products company’s stock worth $201,497,000 after acquiring an additional 601,667 shares during the last quarter. Aberdeen Group plc lifted its position in Stanley Black & Decker by 91.8% during the 1st quarter. Aberdeen Group plc now owns 134,668 shares of the industrial products company’s stock worth $10,168,000 after acquiring an additional 64,445 shares during the period. Finally, American Century Companies Inc. grew its stake in Stanley Black & Decker by 26.5% during the 1st quarter. American Century Companies Inc. now owns 28,605 shares of the industrial products company’s stock valued at $2,199,000 after purchasing an additional 5,995 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $74.25 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $91.06. The business’s 50 day moving average is $69.32 and its two-hundred day moving average is $70.82. The company has a market capitalization of $11.50 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.15 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a return on equity of 8.10% and a net margin of 2.89%.The business had revenue of $3.72 billion during the quarter. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.5%. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Jefferies Financial Group set a $86.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.10.

Stanley Black & Decker Company 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.