Cibc World Markets Corp Buys 11,276 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cibc World Markets Corp grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 133.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,733 shares of the industrial products company’s stock after purchasing an additional 11,276 shares during the period. Cibc World Markets Corp’s holdings in Stanley Black & Decker were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SWK. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $25,000. Principal Securities Inc. bought a new stake in shares of Stanley Black & Decker in the 4th quarter valued at approximately $38,000. Headlands Technologies LLC bought a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $44,000. Parkside Financial Bank & Trust grew its stake in shares of Stanley Black & Decker by 41.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 140 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of research analyst reports. Robert W. Baird decreased their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Company decreased their price target on Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Finally, Barclays lowered Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $100.00 to $86.00 in a research report on Tuesday, June 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.44.

Insider Buying and Selling

In related news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Stanley Black & Decker Stock Down 1.2 %

NYSE:SWK opened at $82.46 on Monday. The stock’s fifty day moving average price is $89.30 and its two-hundred day moving average price is $91.76. Stanley Black & Decker, Inc. has a 52-week low of $76.26 and a 52-week high of $104.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.40 and a current ratio of 1.09. The company has a market cap of $12.69 billion, a price-to-earnings ratio of -119.51, a P/E/G ratio of 2.24 and a beta of 1.30.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.41) EPS. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 4.09 EPS for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Tuesday, June 4th. Stanley Black & Decker’s payout ratio is presently -469.56%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.