Advisors Asset Management Inc. reduced its position in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 67.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,567 shares of the company’s stock after selling 25,462 shares during the period. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $1,398,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of SWK. Reilly Financial Advisors LLC increased its stake in shares of Stanley Black & Decker by 500.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,200 shares of the company’s stock worth $133,000 after buying an additional 1,000 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Stanley Black & Decker by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,751 shares of the company’s stock worth $195,000 after buying an additional 56 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in shares of Stanley Black & Decker by 4.1% in the second quarter. Duncker Streett & Co. Inc. now owns 1,758 shares of the company’s stock worth $196,000 after buying an additional 69 shares during the last quarter. Buckingham Asset Management LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $200,000. Finally, UMB Bank N A MO acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $205,000. 84.01% of the stock is owned by institutional investors.

Stanley Black & Decker Inc. (NYSE:SWK) opened at 120.12 on Friday. The firm has a market cap of $18.07 billion, a P/E ratio of 18.75 and a beta of 1.52. Stanley Black & Decker Inc. has a 12-month low of $88.72 and a 12-month high of $124.73. The company has a 50-day moving average price of $122.48 and a 200-day moving average price of $112.85.

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

The business also recently announced 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 positive change 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 payout ratio is presently 36.19%.

SWK has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a report on Wednesday, July 27th. Credit Suisse Group AG reissued a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, June 28th. Imperial Capital reaffirmed a “hold” rating and set a $107.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, June 29th. Argus reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Finally, Zelman & Associates lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $112.85.

In other news, VP Craig A. Douglas sold 8,529 shares of Stanley Black & Decker stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $122.62, for a total transaction of $1,045,825.98. Following the transaction, the vice president now owns 31,525 shares in the company, valued at approximately $3,865,595.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ben S. Sihota sold 5,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $124.54, for a total value of $622,700.00. Following the transaction, the senior vice president now owns 21,200 shares in the company, valued at approximately $2,640,248. 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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