Cardinal Point Capital Management ULC Takes $339,000 Position in Stanley Black & Decker, Inc. $SWK

Cardinal Point Capital Management ULC acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,000 shares of the industrial products company’s stock, valued at approximately $339,000.

Several other hedge funds also recently modified their holdings of SWK. Golden State Wealth Management LLC lifted its stake in Stanley Black & Decker by 1,138.5% in the first quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company’s stock valued at $25,000 after buying an additional 296 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $25,000. 1248 Management LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at approximately $26,000. TD Private Client Wealth LLC increased its holdings in Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after buying an additional 382 shares during the last quarter. Finally, Garde Capital Inc. increased its holdings in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after buying an additional 321 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 0.3%

Shares of NYSE SWK opened at $70.19 on Friday. The company has a 50 day simple moving average of $73.75 and a 200 day simple moving average of $69.07. The firm has a market cap of $10.86 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $104.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.72 billion during the quarter. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Analyst Ratings Changes

SWK has been the topic of a number of recent analyst reports. Morgan Stanley restated a “positive” rating and set a $80.00 target price on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Barclays reduced their price objective on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, Wolfe Research raised shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $88.10.

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 and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.