Cim Investment Management Inc. Acquires 2,273 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Cim Investment Management Inc. raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 82.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,026 shares of the industrial products company’s stock after purchasing an additional 2,273 shares during the quarter. Cim Investment Management Inc.’s holdings in Stanley Black & Decker were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group raised its position in shares of Stanley Black & Decker by 150.4% during the 1st quarter. Schroder Investment Management Group now owns 14,391 shares of the industrial products company’s stock valued at $2,873,000 after acquiring an additional 8,644 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Stanley Black & Decker by 2.4% in the 2nd quarter. Sei Investments Co. now owns 26,011 shares of the industrial products company’s stock valued at $5,213,000 after buying an additional 613 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Stanley Black & Decker by 37.3% in the 2nd quarter. Raymond James Trust N.A. now owns 7,019 shares of the industrial products company’s stock valued at $1,439,000 after buying an additional 1,908 shares during the period. Franklin Resources Inc. grew its holdings in shares of Stanley Black & Decker by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,293,486 shares of the industrial products company’s stock valued at $470,140,000 after buying an additional 28,132 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Stanley Black & Decker by 70.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 19,469 shares of the industrial products company’s stock valued at $3,991,000 after buying an additional 8,075 shares during the period. Institutional investors own 84.69% of the company’s stock.

Shares of Stanley Black & Decker stock traded up $5.90 during trading hours on Thursday, reaching $179.20. 17,277 shares of the company’s stock were exchanged, compared to its average volume of 1,108,255. The company has a 50 day moving average of $187.45 and a two-hundred day moving average of $199.58. Stanley Black & Decker, Inc. has a fifty-two week low of $161.80 and a fifty-two week high of $225.00. The company has a current ratio of 1.21, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. The stock has a market cap of $29.20 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.31 and a beta of 1.42.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 26th. The industrial products company reported $3.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.19. Stanley Black & Decker had a net margin of 10.80% and a return on equity of 20.65%. The company had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the prior year, the business posted $1.60 EPS. The company’s quarterly revenue was up 38.7% on a year-over-year basis. As a group, analysts expect that Stanley Black & Decker, Inc. will post 11.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 21st. Stockholders of record on Tuesday, September 7th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, September 3rd. Stanley Black & Decker’s dividend payout ratio is presently 34.96%.

Several equities analysts have recently issued reports on the stock. G.Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, June 17th. Wells Fargo & Company began coverage on shares of Stanley Black & Decker in a report on Thursday, October 7th. They issued an “overweight” rating and a $227.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Vertical Research began coverage on shares of Stanley Black & Decker in a research note on Friday, October 8th. They issued a “buy” rating and a $227.00 target price for the company. Finally, Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $234.00 to $215.00 and set an “overweight” rating for the company in a research note on Thursday, October 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $217.08.

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 & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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