Endurance Wealth Management Inc. Holds Position in Stanley Black & Decker, Inc. (SWK)

Endurance Wealth Management Inc. maintained its stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,100 shares of the industrial products company’s stock at the end of the second quarter. Endurance Wealth Management Inc.’s holdings in Stanley Black & Decker were worth $858,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. bought a new stake in Stanley Black & Decker during the first quarter worth approximately $108,000. 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 worth $116,000 after buying an additional 23 shares in the last quarter. 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 period. Independent Portfolio Consultants Inc. boosted its stake in Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after buying an additional 461 shares during the period. Finally, 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 period. 83.40% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker, Inc. (NYSE:SWK) traded down 0.45% on Friday, hitting $137.50. The stock had a trading volume of 1,526,455 shares. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32. The company has a 50 day moving average price of $142.51 and a 200-day moving average price of $135.60.

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

The firm also recently declared 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. 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 dividend on an annualized basis and a yield of 1.83%. Stanley Black & Decker’s dividend payout ratio is presently 29.74%.

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Several equities research analysts recently commented on SWK shares. BidaskClub cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $150.00 price objective (up from $148.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. J P Morgan Chase & Co raised Stanley Black & Decker from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $140.00 to $152.00 in a research report on Monday, April 24th. Finally, Instinet increased their price objective on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. One 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. The company currently has a consensus rating of “Buy” and an average price target of $154.00.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is owned by corporate insiders.

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.

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

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