IFP Advisors Inc reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 2,809 shares of the industrial products company’s stock after selling 143 shares during the period. IFP Advisors Inc’s holdings in Stanley Black & Decker were worth $395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. Thompson Davis & CO. Inc. purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $108,000. Farmers & Merchants Investments Inc. boosted its position in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after buying an additional 23 shares during the period. Alexandria Capital LLC boosted its position in shares of Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the period. Independent Portfolio Consultants Inc. boosted its position in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after buying an additional 461 shares during the period. Finally, Tompkins Financial Corp boosted its position in shares of Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 140.75 on Tuesday. The firm has a market capitalization of $21.56 billion, a price-to-earnings ratio of 18.02 and a beta of 1.10. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.32. The firm’s 50-day moving average price is $142.74 and its 200 day moving average price is $135.35.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.36% and a net margin of 9.92%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.79%. 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 presently 29.74%.

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Several research analysts recently commented on the company. Morgan Stanley raised their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. BidaskClub cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. UBS AG reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. KeyCorp raised Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, April 21st. Finally, Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently 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 on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares in the company, valued at approximately $5,797,461.96. The transaction was disclosed in a 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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