Patton Albertson Miller Group LLC decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,248 shares of the industrial products company’s stock after selling 1,069 shares during the period. Patton Albertson Miller Group LLC’s holdings in Stanley Black & Decker were worth $1,710,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SWK. BlackRock Inc. increased its position in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares during the period. Boston Partners increased its position in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares during the period. Cornerstone Investment Partners LLC increased its position in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock worth $46,089,000 after buying an additional 319,528 shares during the period. Wedge Capital Management L L P NC bought a new position in Stanley Black & Decker during the second quarter worth about $34,675,000. Finally, State Street Corp increased its position in Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 138.30 on Friday. The company has a 50 day moving average of $142.90 and a 200-day moving average of $134.93. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32. The company has a market cap of $21.18 billion, a PE ratio of 17.71 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a $0.63 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.82%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 29.74%.

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A number of equities analysts have issued reports on SWK shares. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Thursday, June 22nd. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $152.00 in a research note on Monday, April 24th. Barclays PLC lifted their price target on Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, April 24th. Imperial Capital lifted their price target on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. Finally, MKM Partners started coverage on Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average price target of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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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