Community Bank N.A. maintained its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The firm owned 2,500 shares of the industrial products company’s stock at the end of the second quarter. Community Bank N.A.’s holdings in Stanley Black & Decker were worth $351,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SWK. BlackRock Inc. increased its stake 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 valued at $1,388,216,000 after buying an additional 9,857,885 shares during the period. Boston Partners increased its stake in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the period. Cornerstone Investment Partners LLC increased its stake in shares of Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after buying an additional 319,528 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Stanley Black & Decker during the second quarter valued at approximately $34,675,000. Finally, State Street Corp increased its stake 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 valued at $1,040,211,000 after buying an additional 244,854 shares during the period. Institutional investors and hedge funds own 83.40% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 139.42 on Wednesday. The stock has a market cap of $21.35 billion, a P/E ratio of 17.85 and a beta of 1.10. The firm has a 50-day moving average of $142.66 and a 200-day moving average of $135.46. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a dividend of $0.63 per share. 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 1.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 29.74%.

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Several equities research analysts recently commented on SWK shares. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Thursday, June 22nd. J P Morgan Chase & Co upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and upped their price target for the company from $140.00 to $152.00 in a research report on Monday, April 24th. Barclays PLC upped their price target on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Imperial Capital upped their price target on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $154.00.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following 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 Securities & Exchange Commission, which is available through the SEC website. 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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