Advisors Asset Management Inc. trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,812 shares of the industrial products company’s stock after selling 5,853 shares during the quarter. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $3,150,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SWK. Mount Yale Investment Advisors LLC purchased a new position in shares of Stanley Black & Decker in the first quarter worth about $117,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stanley Black & Decker in the second quarter worth about $136,000. Intact Investment Management Inc. purchased a new position in shares of Stanley Black & Decker in the second quarter worth about $213,000. RFG Advisory Group LLC purchased a new position in shares of Stanley Black & Decker in the second quarter worth about $219,000. Finally, TLP Group LLC raised its position in Stanley Black & Decker by 32.8% during the first quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 83.52% of the company’s stock.

Several brokerages recently weighed in on SWK. Credit Suisse Group began coverage on Stanley Black & Decker in a research report on Monday, September 17th. They set an “outperform” rating and a $170.00 price target for the company. Macquarie reduced their price target on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, September 6th. UBS Group reduced their price target on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, August 30th. Morgan Stanley began coverage on Stanley Black & Decker in a research report on Monday, August 20th. They set an “overweight” rating and a $164.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a research report on Monday, July 23rd. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $178.69.

In other news, VP Jocelyn Belisle sold 1,185 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the sale, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Shares of SWK stock opened at $149.17 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51. The company has a market cap of $23.62 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.82 and a beta of 1.01. Stanley Black & Decker, Inc. has a twelve month low of $130.56 and a twelve month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.54. The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. equities analysts predict that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were given a $0.66 dividend. The ex-dividend date was Thursday, September 6th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.77%. Stanley Black & Decker’s payout ratio is 35.44%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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