Mid Atlantic Financial Management Inc. ADV lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% during the 1st quarter, HoldingsChannel reports. The fund owned 3,094 shares of the industrial products company’s stock after selling 106 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in Stanley Black & Decker were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in Stanley Black & Decker by 0.9% during the fourth quarter. BlackRock Inc. now owns 9,723,341 shares of the industrial products company’s stock valued at $1,164,274,000 after acquiring an additional 88,892 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 37.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock valued at $777,167,000 after purchasing an additional 1,772,064 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Stanley Black & Decker by 5.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,756,315 shares of the industrial products company’s stock valued at $449,782,000 after purchasing an additional 199,100 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of Stanley Black & Decker by 12.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,295,416 shares of the industrial products company’s stock valued at $394,593,000 after purchasing an additional 353,027 shares during the period. Finally, Pzena Investment Management LLC raised its position in shares of Stanley Black & Decker by 96.1% in the first quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after purchasing an additional 1,187,163 shares during the period. 89.49% of the stock is currently owned by hedge funds and other institutional investors.

SWK has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Wells Fargo & Co dropped their price target on shares of Stanley Black & Decker from $150.00 to $141.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 23rd. Raymond James reissued a “hold” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 23rd. Wolfe Research set a $140.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank set a $137.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $159.06.

Shares of Stanley Black & Decker stock opened at $136.90 on Wednesday. The firm has a market capitalization of $20.27 billion, a PE ratio of 16.80, a P/E/G ratio of 1.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $155.22.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. Stanley Black & Decker’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. On average, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 8.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 1.93%. Stanley Black & Decker’s payout ratio is 32.39%.

In other news, CEO James M. Loree sold 56,699 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $145.14, for a total value of $8,229,292.86. Following the sale, the chief executive officer now owns 88,854 shares in the company, valued at $12,896,269.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 3,488 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the sale, the senior vice president now owns 22,149 shares in the company, valued at approximately $3,045,044.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,831 shares of company stock worth $18,797,015. 1.03% of the stock is currently owned by corporate insiders.

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Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Further Reading: Why do companies issue stock splits?

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

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