Cigna Investments Inc. New decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.6% during the second quarter, Holdings Channel reports. The fund owned 5,871 shares of the industrial products company’s stock after selling 415 shares during the period. Cigna Investments Inc. New’s holdings in Stanley Black & Decker were worth $826,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd boosted its stake in Stanley Black & Decker by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 44,735 shares of the industrial products company’s stock valued at $5,943,000 after buying an additional 520 shares during the last quarter. National Pension Service boosted its stake in Stanley Black & Decker by 2.4% in the first quarter. National Pension Service now owns 131,392 shares of the industrial products company’s stock valued at $17,428,000 after buying an additional 3,070 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in Stanley Black & Decker by 0.9% in the first quarter. Regentatlantic Capital LLC now owns 2,936 shares of the industrial products company’s stock valued at $390,000 after buying an additional 26 shares during the last quarter. TNB Financial purchased a new stake in Stanley Black & Decker during the first quarter valued at about $273,000. Finally, BKD Wealth Advisors LLC boosted its stake in Stanley Black & Decker by 11.3% in the first quarter. BKD Wealth Advisors LLC now owns 2,904 shares of the industrial products company’s stock valued at $386,000 after buying an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

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 firm has a market capitalization of $21.31 billion, a PE ratio of 17.82 and a beta of 1.10. The firm’s 50 day moving average is $142.81 and its 200-day moving average is $135.07.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.63 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is presently 29.74%.

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Several equities research analysts recently issued reports on SWK shares. KeyCorp upgraded shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price objective for the company in a research report on Friday, April 21st. J P Morgan Chase & Co upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $140.00 to $152.00 in a research report on Monday, April 24th. Imperial Capital restated an “in-line” rating and set a $125.00 price objective on shares of Stanley Black & Decker in a research report on Monday, April 24th. Barclays PLC raised their price objective on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Finally, Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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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