Global Financial Private Capital LLC increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,169 shares of the industrial products company’s stock after purchasing an additional 1,489 shares during the quarter. Global Financial Private Capital LLC’s holdings in Stanley Black & Decker were worth $2,275,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SWK. Quantitative Investment Management LLC boosted its holdings in Stanley Black & Decker by 1,670.0% during the first quarter. Quantitative Investment Management LLC now owns 106,200 shares of the industrial products company’s stock worth $14,110,000 after buying an additional 100,200 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in Stanley Black & Decker by 1.9% during the first quarter. Essex Financial Services Inc. now owns 12,020 shares of the industrial products company’s stock worth $1,597,000 after buying an additional 224 shares during the last quarter. Trustco Bank Corp N Y bought a new position in Stanley Black & Decker during the first quarter worth about $217,000. Assetmark Inc. boosted its holdings in Stanley Black & Decker by 5.4% during the first quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock worth $183,000 after buying an additional 70 shares during the last quarter. Finally, Rational Advisors LLC bought a new position in Stanley Black & Decker during the first quarter worth about $757,000. Hedge funds and other institutional investors own 83.61% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE:SWK) traded down 0.80% during mid-day trading on Tuesday, hitting $149.20. The stock had a trading volume of 377,279 shares. The firm’s 50-day moving average is $142.02 and its 200 day moving average is $138.44. The company has a market cap of $22.85 billion, a price-to-earnings ratio of 19.11 and a beta of 1.10. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $152.43.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 1st were issued a $0.63 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.31%.

In other Stanley Black & Decker news, 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 sale, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,566,364.80. Following the completion of the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. UBS AG restated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Instinet boosted their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 28th. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $153.71.

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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.

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

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