Westpac Banking Corp increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,950 shares of the company’s stock after buying an additional 562 shares during the period. Westpac Banking Corp’s holdings in Stanley Black & Decker were worth $1,101,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Strategic Advisors LLC raised its position in Stanley Black & Decker by 0.4% in the third quarter. Strategic Advisors LLC now owns 2,897 shares of the company’s stock valued at $356,000 after buying an additional 12 shares during the last quarter. BerganKDV Wealth Management LLC raised its position in Stanley Black & Decker by 0.5% in the third quarter. BerganKDV Wealth Management LLC now owns 5,616 shares of the company’s stock valued at $691,000 after buying an additional 26 shares during the last quarter. First National Trust Co. raised its position in Stanley Black & Decker by 1.9% in the third quarter. First National Trust Co. now owns 1,943 shares of the company’s stock valued at $239,000 after buying an additional 36 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Stanley Black & Decker by 1.9% in the second quarter. Wetherby Asset Management Inc. now owns 2,066 shares of the company’s stock valued at $230,000 after buying an additional 38 shares during the last quarter. Finally, BOKF NA raised its position in Stanley Black & Decker by 0.5% in the second quarter. BOKF NA now owns 11,216 shares of the company’s stock valued at $1,247,000 after buying an additional 52 shares during the last quarter. Institutional investors own 83.49% of the company’s stock.

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

Stanley Black & Decker, Inc. (NYSE:SWK) traded up 0.48% during midday trading on Friday, reaching $119.33. The company’s stock had a trading volume of 813,779 shares. The firm has a 50 day moving average of $118.04 and a 200 day moving average of $119.44. Stanley Black & Decker, Inc. has a 52-week low of $88.72 and a 52-week high of $126.72. The firm has a market cap of $17.98 billion, a P/E ratio of 18.15 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, October 27th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.62 by $0.06. The firm earned $2.90 billion during the quarter, compared to the consensus estimate of $2.89 billion. Stanley Black & Decker had a return on equity of 16.77% and a net margin of 8.61%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. Analysts anticipate that Stanley Black & Decker, Inc. will post $6.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd were given a $0.58 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $2.32 annualized dividend and a yield of 1.94%. Stanley Black & Decker’s dividend payout ratio is presently 35.31%.

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Several equities analysts have recently issued reports on the company. Macquarie assumed coverage on Stanley Black & Decker in a research report on Friday, December 16th. They set an “outperform” rating and a $137.00 target price for the company. Imperial Capital reiterated an “in-line” rating and set a $125.00 price objective on shares of Stanley Black & Decker in a report on Friday, December 23rd. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $119.73.

In related news, Director Michael David Hankin purchased 450 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was bought at an average price of $114.54 per share, with a total value of $51,543.00. Following the completion of the purchase, the director now owns 900 shares in the company, valued at approximately $103,086. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James J. Cannon sold 4,495 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $125.70, for a total value of $565,021.50. Following the completion of the sale, the insider now directly owns 30,239 shares of the company’s stock, valued at approximately $3,801,042.30. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

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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