Wagner Bowman Management Corp lowered its stake in Stanley Black & Decker Inc. (NYSE:SWK) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,655 shares of the company’s stock after selling 411 shares during the period. Wagner Bowman Management Corp’s holdings in Stanley Black & Decker were worth $517,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Stanley Black & Decker by 32.8% in the first quarter. JPMorgan Chase & Co. now owns 10,585,073 shares of the company’s stock valued at $1,113,654,000 after buying an additional 2,612,408 shares during the last quarter. Norges Bank acquired a new position in Stanley Black & Decker during the fourth quarter valued at about $165,023,000. NN Investment Partners Holdings N.V. acquired a new position in Stanley Black & Decker during the first quarter valued at about $89,061,000. Renaissance Technologies LLC boosted its position in Stanley Black & Decker by 248.5% in the first quarter. Renaissance Technologies LLC now owns 513,962 shares of the company’s stock valued at $54,074,000 after buying an additional 366,500 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Stanley Black & Decker by 1,125.4% in the first quarter. 1832 Asset Management L.P. now owns 337,300 shares of the company’s stock valued at $57,558,000 after buying an additional 309,775 shares during the last quarter. Institutional investors and hedge funds own 84.01% of the company’s stock.

Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.58% during mid-day trading on Tuesday, hitting $121.96. The company had a trading volume of 1,157,072 shares. Stanley Black & Decker Inc. has a one year low of $88.72 and a one year high of $124.73. The company has a market cap of $18.35 billion, a PE ratio of 19.04 and a beta of 1.52. The company’s 50 day moving average price is $122.31 and its 200-day moving average price is $113.73.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 22nd. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.12. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. Equities research analysts anticipate that Stanley Black & Decker Inc. will post $6.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $2.32 annualized dividend and a yield of 1.90%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s payout ratio is presently 36.19%.

Several research firms have issued reports on SWK. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Argus reiterated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Longbow Research cut Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Zelman & Associates cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Imperial Capital increased their price objective on Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research report on Monday, July 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Stanley Black & Decker has an average rating of “Hold” and an average target price of $112.85.

In other Stanley Black & Decker news, CFO Donald Allan sold 30,371 shares of Stanley Black & Decker stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $122.50, for a total transaction of $3,720,447.50. Following the sale, the chief financial officer now owns 115,225 shares of the company’s stock, valued at approximately $14,115,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lee B. Mcchesney sold 1,875 shares of Stanley Black & Decker stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $118.06, for a total value of $221,362.50. Following the sale, the chief financial officer now directly owns 28,679 shares in the company, valued at approximately $3,385,842.74. The disclosure for this sale can be found here. Company 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

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).

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