Cardinal Capital Management Inc. Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Cardinal Capital Management Inc. reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,811 shares of the industrial products company’s stock after selling 15,615 shares during the period. Cardinal Capital Management Inc. owned 0.17% of Stanley Black & Decker worth $21,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SWK. Rise Advisors LLC grew its position in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC grew its holdings in Stanley Black & Decker by 81.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 237 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in Stanley Black & Decker during the 3rd quarter worth $59,000. Finally, Armstrong Advisory Group Inc. acquired a new position in Stanley Black & Decker in the 3rd quarter worth $72,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK stock opened at $86.32 on Thursday. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of -63.01, a P/E/G ratio of 1.86 and a beta of 1.24. The firm has a 50 day moving average of $84.01 and a two-hundred day moving average of $93.39. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating 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 positive return on equity of 6.44% and a negative net margin of 1.33%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 4.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SWK. Morgan Stanley lowered their target price on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research note on Thursday, December 19th. Finally, Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $101.25.

About Stanley Black & Decker

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 Storage segment, and Industrial segment.