Zurcher Kantonalbank Zurich Cantonalbank Buys 1,518 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,412 shares of the industrial products company’s stock after purchasing an additional 1,518 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Stanley Black & Decker worth $8,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Stanley Black & Decker by 60.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after buying an additional 11,151 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Stanley Black & Decker by 12.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock valued at $6,176,000 after purchasing an additional 8,805 shares during the period. Tidal Investments LLC raised its stake in shares of Stanley Black & Decker by 252.2% in the first quarter. Tidal Investments LLC now owns 13,019 shares of the industrial products company’s stock valued at $1,275,000 after purchasing an additional 9,323 shares in the last quarter. ORG Partners LLC lifted its position in Stanley Black & Decker by 921.3% in the second quarter. ORG Partners LLC now owns 8,068 shares of the industrial products company’s stock worth $628,000 after purchasing an additional 7,278 shares during the period. Finally, New South Capital Management Inc. boosted its stake in Stanley Black & Decker by 7.4% during the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock worth $26,015,000 after buying an additional 16,229 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $89.45 on Monday. 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 capitalization of $13.79 billion, a PE ratio of -65.29, a PEG ratio of 2.41 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 stock’s fifty day moving average is $98.65 and its 200-day moving average is $93.84.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.67%. Stanley Black & Decker’s payout ratio is -239.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley decreased their price target on 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. Finally, Barclays upped their price target on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and a consensus target price of $102.29.

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.