Tocqueville Asset Management L.P. Purchases 29,150 Shares of Stanley Black & Decker, Inc. (SWK)

Tocqueville Asset Management L.P. boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,325 shares of the industrial products company’s stock after acquiring an additional 29,150 shares during the period. Tocqueville Asset Management L.P. owned about 0.10% of Stanley Black & Decker worth $21,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of SWK. JPMorgan Chase & Co. boosted its position in Stanley Black & Decker by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after purchasing an additional 1,822,466 shares during the period. BlackRock Inc. boosted its position in Stanley Black & Decker by 0.9% during the 4th quarter. BlackRock Inc. now owns 9,723,341 shares of the industrial products company’s stock valued at $1,164,274,000 after purchasing an additional 88,892 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Stanley Black & Decker by 37.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock valued at $777,167,000 after purchasing an additional 1,772,064 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Stanley Black & Decker by 5.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,756,315 shares of the industrial products company’s stock worth $449,782,000 after acquiring an additional 199,100 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its position in Stanley Black & Decker by 12.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,295,416 shares of the industrial products company’s stock worth $394,593,000 after acquiring an additional 353,027 shares during the period. Institutional investors own 86.23% of the company’s stock.

SWK has been the topic of a number of research reports. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Wells Fargo & Co boosted their target price on Stanley Black & Decker from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Longbow Research upgraded Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, March 22nd. Finally, Barclays upped their price target on Stanley Black & Decker from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $159.06.

Shares of SWK traded up $0.93 during mid-day trading on Friday, reaching $132.80. The company had a trading volume of 509,116 shares, compared to its average volume of 1,395,139. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve 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 stock has a market cap of $20.74 billion, a PE ratio of 16.29, a PEG ratio of 1.85 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. Stanley Black & Decker’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 1.99%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

In related news, insider Robert H. Raff, Jr. sold 6,179 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total transaction of $937,107.14. Following the sale, the insider now directly owns 14,116 shares in the company, valued at approximately $2,140,832.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey D. Ansell sold 15,639 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $150.30, for a total value of $2,350,541.70. Following the sale, the executive vice president now owns 26,574 shares in the company, valued at $3,994,072.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,831 shares of company stock worth $18,933,955. 1.03% of the stock is owned by corporate insiders.

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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.

See Also: Depreciation

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

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