Canada Pension Plan Investment Board increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 45.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,605 shares of the industrial products company’s stock after buying an additional 63,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Stanley Black & Decker were worth $28,653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Gulf International Bank UK Ltd increased its stake in Stanley Black & Decker by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 44,735 shares of the industrial products company’s stock worth $5,943,000 after buying an additional 520 shares during the last quarter. National Pension Service increased its stake in Stanley Black & Decker by 2.4% in the first quarter. National Pension Service now owns 131,392 shares of the industrial products company’s stock worth $17,428,000 after buying an additional 3,070 shares during the last quarter. Regentatlantic Capital LLC increased its stake in Stanley Black & Decker by 0.9% in the first quarter. Regentatlantic Capital LLC now owns 2,936 shares of the industrial products company’s stock worth $390,000 after buying an additional 26 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Stanley Black & Decker during the first quarter worth $213,000. Finally, Tompkins Financial Corp increased its stake in Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock worth $104,000 after buying an additional 862 shares during the last quarter. Institutional investors and hedge funds own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 139.15 on Friday. Stanley Black & Decker, Inc. has a one year low of $111.89 and a one year high of $148.32. The firm’s 50-day moving average price is $142.81 and its 200-day moving average price is $135.07. The firm has a market capitalization of $21.31 billion, a P/E ratio of 17.82 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.81%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 29.74%.

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A number of analysts recently weighed in on SWK shares. KeyCorp upgraded Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday, April 21st. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $152.00 in a report on Monday, April 24th. Imperial Capital restated an “in-line” rating and issued a $125.00 price objective on shares of Stanley Black & Decker in a report on Monday, April 24th. Barclays PLC increased their price objective on Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a report on Monday, April 24th. Finally, Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Buy” and an average price target of $154.00.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the transaction, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.15% of the company’s stock.

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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