Hancock Holding Co. acquired a new position in Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,666 shares of the company’s stock, valued at approximately $853,000.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Stanley Black & Decker by 10.4% in the second quarter. JPMorgan Chase & Co. now owns 11,682,059 shares of the company’s stock worth $1,299,279,000 after buying an additional 1,096,986 shares during the last quarter. Fiduciary Management Inc. WI increased its stake in Stanley Black & Decker by 2.9% in the first quarter. Fiduciary Management Inc. WI now owns 4,292,980 shares of the company’s stock worth $451,664,000 after buying an additional 119,336 shares during the period. Boston Partners increased its stake in Stanley Black & Decker by 5.4% in the second quarter. Boston Partners now owns 3,068,489 shares of the company’s stock worth $341,277,000 after buying an additional 157,528 shares during the period. Dimensional Fund Advisors LP increased its stake in Stanley Black & Decker by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,228,913 shares of the company’s stock worth $247,851,000 after buying an additional 25,803 shares during the period. Finally, Norges Bank purchased a new stake in Stanley Black & Decker during the fourth quarter worth $165,023,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.92% on Monday, reaching $121.22. The company’s stock had a trading volume of 453,216 shares. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 18.93 and a beta of 1.52. Stanley Black & Decker Inc. has a 1-year low of $88.72 and a 1-year high of $124.73. The company’s 50 day moving average is $122.48 and its 200-day moving average is $112.85.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, July 22nd. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.12. The company earned $2.90 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. Stanley Black & Decker’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. Equities research analysts expect that Stanley Black & Decker Inc. will post $6.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.58 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55. This represents a $2.32 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Wednesday, August 31st. Stanley Black & Decker’s dividend payout ratio is currently 36.19%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Argus reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Zelman & Associates downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Imperial Capital raised their price target on Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research note on Monday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Stanley Black & Decker presently has an average rating of “Hold” and an average target price of $112.85.

In related news, CFO Lee B. Mcchesney sold 1,875 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $118.06, for a total transaction of $221,362.50. Following the completion of the transaction, the chief financial officer now directly owns 28,679 shares of the company’s stock, valued at $3,385,842.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven J. Stafstrom sold 2,407 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total value of $293,557.72. Following the transaction, the vice president now directly owns 24,656 shares of the company’s stock, valued at $3,007,045.76. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

5 Day Chart for NYSE:SWK

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