Bayesian Capital Management LP acquired a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,662 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after acquiring an additional 287,124 shares in the last quarter. BlackRock Inc. lifted its position in shares of Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after purchasing an additional 9,857,885 shares in the last quarter. State Street Corp lifted its position in shares of Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after purchasing an additional 244,854 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Stanley Black & Decker by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after purchasing an additional 15,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock worth $291,398,000 after purchasing an additional 41,688 shares in the last quarter. 83.65% of the stock is owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 155.43 on Wednesday. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $155.58. The stock’s 50 day moving average price is $145.07 and its 200 day moving average price is $140.02. The company has a market cap of $23.80 billion, a P/E ratio of 19.90 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share. Equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were paid a $0.63 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Wednesday, August 30th. Stanley Black & Decker’s payout ratio is presently 32.31%.

SWK has been the subject of several research reports. Morgan Stanley upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price target for the company in a report on Monday. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, September 26th. Robert W. Baird reissued a “hold” rating and set a $150.00 target price on shares of Stanley Black & Decker in a research note on Monday, August 28th. BidaskClub lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, UBS AG restated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $155.07.

In other news, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the transaction, the senior vice president now owns 25,810 shares in the company, valued at approximately $3,875,371.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the transaction, the insider now owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

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About Stanley Black & Decker

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

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

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