Cardinal Capital Management Inc. Has $30.55 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Cardinal Capital Management Inc. grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,426 shares of the industrial products company’s stock after purchasing an additional 8,305 shares during the quarter. Stanley Black & Decker makes up approximately 1.3% of Cardinal Capital Management Inc.’s portfolio, making the stock its 24th largest holding. Cardinal Capital Management Inc. owned 0.18% of Stanley Black & Decker worth $30,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaMark Advisors LLC bought a new position in shares of Stanley Black & Decker in the second quarter worth about $32,000. Quarry LP acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth approximately $36,000. EverSource Wealth Advisors LLC boosted its position in shares of Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares during the period. Fairman Group LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter worth $50,000. Finally, Summit Securities Group LLC bought a new position in Stanley Black & Decker during the second quarter worth $56,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

SWK stock opened at $107.96 on Friday. The business has a fifty day moving average of $101.59 and a 200-day moving average of $93.03. Stanley Black & Decker, Inc. has a twelve month low of $76.57 and a twelve month high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.27.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. This represents a $3.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, September 3rd. Stanley Black & Decker’s payout ratio is presently -169.07%.

Insider Activity at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 13,520 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the sale, the senior vice president now directly owns 31,960 shares in the company, valued at approximately $3,320,963.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SWK has been the topic of several research reports. UBS Group boosted their price objective on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group upped their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $110.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Finally, Robert W. Baird increased their target price on shares of Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.13.

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.