US Bancorp DE Has $9.20 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

US Bancorp DE lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,343 shares of the industrial products company’s stock after selling 2,298 shares during the period. US Bancorp DE’s holdings in Stanley Black & Decker were worth $9,196,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. purchased a new position in shares of Stanley Black & Decker during the first quarter valued at about $108,000. Alexandria Capital LLC increased its position in shares of 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. increased its position in shares of 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. Tompkins Financial Corp increased its position in shares of 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. Finally, Coconut Grove Bank increased its position in shares of 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 period. Hedge funds and other institutional investors own 83.40% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded down 0.45% during trading on Friday, hitting $137.50. The stock had a trading volume of 1,526,455 shares. The firm has a 50 day moving average of $142.51 and a 200 day moving average of $135.60. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year 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 announced its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company earned $1.84 earnings per share. Stanley Black & Decker’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.83%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 29.74%.

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Several equities analysts have recently issued reports on the stock. Morgan Stanley boosted their price target 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. BidaskClub raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG reaffirmed a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. KeyCorp raised 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 report on Friday, April 21st. Finally, Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average target price of $154.00.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the 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 completion of the transaction, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.15% of the stock is currently 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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