Bank of Montreal Can boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK – Free Report) by 64.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 298,266 shares of the industrial products company’s stock after acquiring an additional 116,754 shares during the quarter. Bank of Montreal Can’s holdings in Stanley Black & Decker were worth $32,726,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its position in Stanley Black & Decker by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock valued at $326,960,000 after acquiring an additional 235,106 shares in the last quarter. ProShare Advisors LLC lifted its position in Stanley Black & Decker by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock valued at $158,501,000 after acquiring an additional 118,927 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Stanley Black & Decker by 18.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock valued at $134,444,000 after acquiring an additional 267,013 shares in the last quarter. Cooke & Bieler LP lifted its position in Stanley Black & Decker by 4.8% in the 2nd quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock valued at $121,867,000 after acquiring an additional 69,850 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Stanley Black & Decker by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock valued at $113,457,000 after acquiring an additional 12,305 shares in the last quarter. 87.77% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. Barclays lifted their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $102.29.
Stanley Black & Decker Stock Up 0.3 %
Stanley Black & Decker stock opened at $89.77 on Friday. The firm has a market capitalization of $13.84 billion, a PE ratio of -65.53, a P/E/G ratio of 2.50 and a beta of 1.25. The company’s 50-day moving average is $99.00 and its 200-day moving average is $93.81. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.29 and a quick ratio of 0.42.
Stanley Black & Decker (NYSE:SWK – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. Stanley Black & Decker’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.
Stanley Black & Decker Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker’s payout ratio is -239.42%.
Stanley Black & Decker 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.
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