Janney Capital Management LLC purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,480 shares of the industrial products company’s stock, valued at approximately $1,129,000.

Several other hedge funds also recently added to or reduced their stakes in SWK. Wetherby Asset Management Inc. grew its position in shares of Stanley Black & Decker by 1.2% during the second quarter. Wetherby Asset Management Inc. now owns 2,283 shares of the industrial products company’s stock worth $321,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System lifted its stake in Stanley Black & Decker by 0.3% during the second quarter. Arizona State Retirement System now owns 37,892 shares of the industrial products company’s stock worth $5,333,000 after purchasing an additional 100 shares during the last quarter. First Trust Advisors LP lifted its stake in Stanley Black & Decker by 34.7% during the second quarter. First Trust Advisors LP now owns 224,099 shares of the industrial products company’s stock worth $31,537,000 after purchasing an additional 57,739 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Stanley Black & Decker by 37.6% during the second quarter. First Mercantile Trust Co. now owns 4,450 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 1,215 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in Stanley Black & Decker during the second quarter worth $188,000. 84.20% of the stock is owned by institutional investors and hedge funds.

SWK has been the topic of several research analyst reports. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a research note on Monday, August 28th. Northcoast Research initiated coverage on Stanley Black & Decker in a research note on Friday, October 20th. They set a “buy” rating and a $193.00 price objective on the stock. FBR & Co raised their price objective on Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. J P Morgan Chase & Co raised their price objective on Stanley Black & Decker from $152.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, October 30th. Finally, Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Stanley Black & Decker presently has an average rating of “Buy” and an average target price of $167.29.

Stanley Black & Decker, Inc. (SWK) traded down $0.76 during mid-day trading on Tuesday, reaching $166.90. The company’s stock had a trading volume of 837,300 shares, compared to its average volume of 959,465. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. The company has a market capitalization of $25,710.95, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.03. Stanley Black & Decker, Inc. has a 12 month low of $114.27 and a 12 month high of $170.90.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.68 earnings per share. analysts predict that Stanley Black & Decker, Inc. will post 7.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is 31.82%.

In other news, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Ansell sold 5,737 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total value of $970,700.40. Following the transaction, the executive vice president now directly owns 57,480 shares in the company, valued at $9,725,616. The disclosure for this sale can be found here. Insiders have sold 139,038 shares of company stock worth $22,504,911 over the last three months. Corporate insiders own 1.15% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Janney Capital Management LLC Purchases New Stake in Stanley Black & Decker, Inc. (SWK)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/janney-capital-management-llc-purchases-new-stake-in-stanley-black-decker-inc-swk/1759642.html.

Stanley Black & Decker Profile

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)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.