CIBC Private Wealth Group LLC grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 32.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 97,699 shares of the industrial products company’s stock after purchasing an additional 24,068 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Stanley Black & Decker were worth $12,976,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $117,000. Signaturefd LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $153,000. Dupont Capital Management Corp acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $177,000. Intact Investment Management Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at about $213,000. Finally, Lido Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at about $214,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

Stanley Black & Decker opened at $141.85 on Friday, MarketBeat Ratings reports. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $22.19 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.71 and a beta of 1.01. Stanley Black & Decker, Inc. has a 1-year low of $130.56 and a 1-year high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.54. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. Stanley Black & Decker’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. equities analysts expect that Stanley Black & Decker, Inc. will post 8.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.86%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, September 6th. Stanley Black & Decker’s payout ratio is presently 33.83%.

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $178.00 to $162.00 and set an “overweight” rating on the stock in a research report on Monday, April 23rd. ValuEngine lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Saturday, April 21st. Wells Fargo & Co lowered their price target on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research report on Saturday, July 7th. Finally, B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research report on Thursday, June 7th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $180.07.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Recommended Story: Stock Symbol

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.