Bridges Investment Counsel Inc. boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 77.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,686 shares of the industrial products company’s stock after buying an additional 2,045 shares during the period. Bridges Investment Counsel Inc.’s holdings in Stanley Black & Decker were worth $660,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in SWK. Quadrature Capital Ltd acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $3,980,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $578,000. UBS Asset Management Americas Inc. increased its position in Stanley Black & Decker by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 436,012 shares of the industrial products company’s stock valued at $50,005,000 after buying an additional 6,206 shares during the period. USA Financial Portformulas Corp acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $2,578,000. Finally, Kentucky Retirement Systems acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $1,254,000. 83.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stanley Black & Decker, Inc. (SWK) traded down 0.45% on Friday, hitting $137.50. The company had a trading volume of 1,526,455 shares. The stock’s 50-day moving average is $142.51 and its 200 day moving average is $135.60. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32. The company has a market capitalization of $21.06 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $3.18 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.
The firm 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 boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.83%. Stanley Black & Decker’s dividend payout ratio (DPR) is 29.74%.
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Several brokerages recently commented on SWK. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Tuesday, May 23rd. Seaport Global Securities began coverage on shares of Stanley Black & Decker in a report on Friday, June 16th. They set a “buy” rating and a $160.00 target price on the stock. Wolfe Research began coverage on shares of Stanley Black & Decker in a report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 target price on the stock. Morgan Stanley boosted their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. Finally, Imperial Capital upped their price target on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus target price of $154.00.
In other news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by company insiders.
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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