BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,458 shares of the industrial products company’s stock after selling 9,431 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.05% of Stanley Black & Decker worth $11,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BB&T Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at about $102,000. Acrospire Investment Management LLC grew its holdings in Stanley Black & Decker by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Stanley Black & Decker by 22.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 709 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Stanley Black & Decker by 108.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 533 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in Stanley Black & Decker by 10,027.3% during the 2nd quarter. Sun Life Financial INC now owns 1,114 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 1,103 shares during the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded down $0.68 during mid-day trading on Friday, reaching $167.66. 1,090,000 shares of the company’s stock were exchanged, compared to its average volume of 765,794. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. The company has a market cap of $25,711.00, a P/E ratio of 24.09, a P/E/G ratio of 2.18 and a beta of 1.03. Stanley Black & Decker, Inc. has a twelve month low of $114.27 and a twelve month high of $170.90.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.08. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. analysts expect that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.50%. Stanley Black & Decker’s dividend payout ratio is currently 31.82%.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 5,737 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total value of $970,700.40. Following the transaction, the executive vice president now directly owns 57,480 shares in the company, valued at approximately $9,725,616. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction 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 $3,875,371.50. The disclosure for this sale can be found here. Insiders sold a total of 139,038 shares of company stock worth $22,504,911 over the last 90 days. Insiders own 1.15% of the company’s stock.

Several brokerages recently commented on SWK. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a report on Tuesday, September 26th. Wells Fargo & Company reiterated an “outperform” rating and set a $175.00 price target (up from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. Robert W. Baird upped their price target on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price target on the stock in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $167.29.

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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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