Schwab Charles Investment Management Inc. decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 927,389 shares of the industrial products company’s stock after selling 83,126 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Stanley Black & Decker were worth $130,512,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Tompkins Financial Corp boosted its stake in 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 last quarter. Thompson Davis & CO. Inc. purchased a new stake in Stanley Black & Decker during the first quarter valued at $108,000. Alexandria Capital LLC boosted its stake in 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 last quarter. Farmers & Merchants Investments Inc. boosted its stake in 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 last quarter. Finally, Coconut Grove Bank boosted its stake in Stanley Black & Decker by 98.4% in the first quarter. Coconut Grove Bank now owns 1,010 shares of the industrial products company’s stock valued at $134,000 after buying an additional 501 shares during the last quarter. 84.10% of the stock is owned by institutional investors and hedge funds.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 139.15 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.32. The company’s 50-day moving average price is $142.81 and its 200-day moving average price is $135.07. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 17.82 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a dividend of $0.63 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 29.74%.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/schwab-charles-investment-management-inc-lowers-stake-in-stanley-black-decker-inc-nyseswk/1481245.html.

Several analysts recently weighed in on the company. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a report on Tuesday, May 23rd. Seaport Global Securities assumed coverage on Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective for the company. Wolfe Research assumed coverage on Stanley Black & Decker in a report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective for the company. Morgan Stanley lifted their price objective on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Imperial Capital lifted their price objective on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a report on Tuesday, May 9th. 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $154.00.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.15% of the company’s stock.

Stanley Black & Decker Company 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.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

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