Jacobi Capital Management LLC Buys 337 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Jacobi Capital Management LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,792 shares of the industrial products company’s stock after purchasing an additional 337 shares during the quarter. Jacobi Capital Management LLC’s holdings in Stanley Black & Decker were worth $390,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MML Investors Services LLC lifted its position in shares of Stanley Black & Decker by 0.6% in the fourth quarter. MML Investors Services LLC now owns 11,229 shares of the industrial products company’s stock worth $2,118,000 after purchasing an additional 62 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in shares of Stanley Black & Decker by 1.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 3,600 shares of the industrial products company’s stock worth $672,000 after purchasing an additional 65 shares in the last quarter. Commerce Bank lifted its position in shares of Stanley Black & Decker by 0.6% in the fourth quarter. Commerce Bank now owns 10,751 shares of the industrial products company’s stock worth $2,028,000 after purchasing an additional 69 shares in the last quarter. Samalin Investment Counsel LLC raised its position in Stanley Black & Decker by 8.1% during the fourth quarter. Samalin Investment Counsel LLC now owns 937 shares of the industrial products company’s stock worth $177,000 after acquiring an additional 70 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its position in Stanley Black & Decker by 1.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 6,493 shares of the industrial products company’s stock worth $1,225,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 88.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SWK. Wolfe Research lowered shares of Stanley Black & Decker from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Mizuho dropped their price target on shares of Stanley Black & Decker from $145.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, July 18th. StockNews.com lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday. The Goldman Sachs Group decreased their price objective on shares of Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Finally, Morgan Stanley decreased their price objective on shares of Stanley Black & Decker from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $121.75.

Stanley Black & Decker Trading Up 2.5 %

SWK opened at $95.97 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $91.88 and a twelve month high of $203.69. The company has a 50-day simple moving average of $108.54 and a 200 day simple moving average of $133.49. The company has a quick ratio of 0.28, a current ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.90 and a beta of 1.26.

Stanley Black & Decker (NYSE:SWKGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.35). Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same period in the prior year, the company earned $3.08 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Analysts predict that Stanley Black & Decker, Inc. will post 5.48 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Tuesday, September 6th will be given a dividend of $0.80 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date is Friday, September 2nd. This represents a $3.20 annualized dividend and a yield of 3.33%. Stanley Black & Decker’s dividend payout ratio is currently 51.13%.

Insider Transactions at Stanley Black & Decker

In related news, Director Andrea J. Ayers bought 15,500 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the acquisition, the director now owns 15,500 shares of the company’s stock, valued at $1,483,195. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.93% of the company’s stock.

Stanley Black & Decker Company Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

See Also

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

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