Bank of Montreal Can Has $32.73 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Bank of Montreal Can increased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 64.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 298,266 shares of the industrial products company’s stock after purchasing an additional 116,754 shares during the period. Bank of Montreal Can owned approximately 0.19% of Stanley Black & Decker worth $32,726,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Stanley Black & Decker by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,968,855 shares of the industrial products company’s stock worth $326,960,000 after buying an additional 235,106 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Stanley Black & Decker by 6.4% during the second quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company’s stock worth $158,501,000 after buying an additional 118,927 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company’s stock worth $134,444,000 after buying an additional 267,013 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company’s stock worth $121,867,000 after buying an additional 69,850 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Stanley Black & Decker by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock worth $113,457,000 after buying an additional 12,305 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a report on Monday, August 5th. 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 for the company in a report on Wednesday, October 30th. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.29.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $89.77 on Friday. Stanley Black & Decker, Inc. has a 52-week low of $77.70 and a 52-week high of $110.88. The stock has a market cap of $13.84 billion, a PE ratio of -65.53, a PEG ratio of 2.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29. The firm’s 50 day moving average price is $99.00 and its two-hundred day moving average price is $93.81.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a negative net margin of 1.33% and a positive return on equity of 6.44%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.65%. Stanley Black & Decker’s dividend payout ratio is -239.42%.

About Stanley Black & Decker

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.