Stanley Black & Decker, Inc. (SWK) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,621 shares of the industrial products company’s stock after acquiring an additional 136 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stanley Black & Decker were worth $5,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC increased its position in shares of Stanley Black & Decker by 370.5% in the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth about $27,000. Winslow Evans & Crocker Inc. increased its position in shares of Stanley Black & Decker by 412.0% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 206 shares during the last quarter. Legacy Financial Advisors Inc. increased its position in shares of Stanley Black & Decker by 72.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares in the company, valued at approximately $5,252,470.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $151.66, for a total transaction of $937,107.14. Following the completion of the transaction, the insider now owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,816 shares of company stock valued at $17,122,550. 1.03% of the stock is owned by insiders.

Shares of NYSE:SWK traded up $0.85 during trading on Wednesday, reaching $130.22. 767,457 shares of the company’s stock traded hands, compared to its average volume of 1,364,852. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22. The company has a market cap of $20.12 billion, a PE ratio of 15.98, a P/E/G ratio of 1.64 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.32. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 8.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Monday, April 8th. Gabelli set a $160.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Deutsche Bank dropped their target price on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average price target of $159.06.

WARNING: “Stanley Black & Decker, Inc. (SWK) Stake Raised by Janney Montgomery Scott LLC” was posted by Sundance Herald and is the property of of Sundance Herald. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://sundanceherald.com/2019/05/29/stanley-black-decker-inc-swk-position-boosted-by-janney-montgomery-scott-llc.html.

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: Asset Allocation

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply