Signition LP purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,083 shares of the industrial products company’s stock, valued at approximately $409,000.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its stake in Stanley Black & Decker by 25.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock worth $634,418,000 after buying an additional 974,556 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Stanley Black & Decker by 1.3% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,383,257 shares of the industrial products company’s stock worth $518,315,000 after buying an additional 43,452 shares during the period. Fiduciary Management Inc. WI raised its stake in Stanley Black & Decker by 1.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 3,075,722 shares of the industrial products company’s stock worth $471,201,000 after buying an additional 34,186 shares during the period. Summit Trail Advisors LLC raised its stake in Stanley Black & Decker by 12,769.7% during the 1st quarter. Summit Trail Advisors LLC now owns 2,109,726 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 2,093,333 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Stanley Black & Decker by 1.2% during the 1st quarter. Neuberger Berman Group LLC now owns 1,357,698 shares of the industrial products company’s stock worth $208,006,000 after buying an additional 16,214 shares during the period. 83.79% of the stock is currently owned by institutional investors.

Several research firms have issued reports on SWK. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 16th. ValuEngine downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Wednesday, June 20th. Barclays dropped their price target on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Robert W. Baird reissued a “neutral” rating on shares of Stanley Black & Decker in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a research note on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $180.07.

Shares of NYSE SWK opened at $139.24 on Friday. The stock has a market capitalization of $21.70 billion, a PE ratio of 17.53, a P/E/G ratio of 1.67 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51. Stanley Black & Decker, Inc. has a fifty-two week low of $130.56 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.54. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. Stanley Black & Decker’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.58 EPS. sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th will be issued a $0.66 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, September 6th. This represents a $2.64 annualized dividend and a dividend yield of 1.90%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.83%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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