Stanley Black & Decker, Inc. (NYSE:SWK) Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 265.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 93,999 shares of the industrial products company’s stock after buying an additional 68,301 shares during the period. SG Americas Securities LLC owned 0.06% of Stanley Black & Decker worth $12,800,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in Stanley Black & Decker by 2.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,249 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 90 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Stanley Black & Decker by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the industrial products company’s stock worth $1,089,000 after buying an additional 100 shares during the period. Fruth Investment Management grew its position in Stanley Black & Decker by 1.5% during the first quarter. Fruth Investment Management now owns 6,890 shares of the industrial products company’s stock worth $938,000 after buying an additional 100 shares during the period. Thrivent Financial for Lutherans grew its position in Stanley Black & Decker by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,743 shares of the industrial products company’s stock worth $807,000 after buying an additional 118 shares during the period. Finally, Copperwynd Financial LLC grew its position in Stanley Black & Decker by 5.3% during the fourth quarter. Copperwynd Financial LLC now owns 2,714 shares of the industrial products company’s stock worth $325,000 after buying an additional 137 shares during the period. 89.49% of the stock is owned by institutional investors and hedge funds.

SWK has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of Stanley Black & Decker from $149.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Co increased their price target on shares of Stanley Black & Decker from $148.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Credit Suisse Group set a $155.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Tuesday, January 22nd. Raymond James reiterated a “hold” rating on shares of Stanley Black & Decker in a research report on Wednesday, January 23rd. Finally, Barclays increased their price target on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Stanley Black & Decker presently has an average rating of “Buy” and a consensus price target of $159.06.

Shares of SWK stock traded down $1.33 during mid-day trading on Wednesday, reaching $135.57. The company’s stock had a trading volume of 894,592 shares, compared to its average volume of 1,397,941. Stanley Black & Decker, Inc. has a 12-month low of $106.41 and a 12-month high of $155.22. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.27 billion, a PE ratio of 16.63, a P/E/G ratio of 1.97 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 EPS. Equities research analysts expect that Stanley Black & Decker, Inc. will post 8.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s payout ratio is 32.39%.

In related news, insider Robert H. Raff, Jr. sold 6,179 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $151.66, for a total transaction of $937,107.14. Following the completion of the sale, the insider now directly owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph R. Voelker sold 3,488 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $137.48, for a total transaction of $479,530.24. Following the sale, the senior vice president now directly owns 22,149 shares of the company’s stock, valued at $3,045,044.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,831 shares of company stock valued at $18,797,015. Company insiders own 1.03% of the company’s stock.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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