Elkfork Partners LLC decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 17.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,070 shares of the industrial products company’s stock after selling 880 shares during the period. Elkfork Partners LLC’s holdings in Stanley Black & Decker were worth $589,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SWK. Neuberger Berman Group LLC raised its holdings in Stanley Black & Decker by 65.9% during the first quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock worth $311,287,000 after buying an additional 908,040 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Stanley Black & Decker by 8.5% in the 1st quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock worth $1,550,513,000 after acquiring an additional 893,269 shares in the last quarter. Cambiar Investors LLC bought a new stake in shares of Stanley Black & Decker in the 1st quarter worth $30,010,000. Pictet Asset Management Ltd. grew its stake in shares of Stanley Black & Decker by 21.2% in the 1st quarter. Pictet Asset Management Ltd. now owns 1,107,817 shares of the industrial products company’s stock worth $150,851,000 after acquiring an additional 193,753 shares in the last quarter. Finally, RE Advisers Corp bought a new stake in shares of Stanley Black & Decker in the 2nd quarter worth $22,451,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.
Several research firms have recently issued reports on SWK. Morgan Stanley reduced their target price on shares of Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a research note on Friday. Gabelli lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Wells Fargo & Co reduced their price target on shares of Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Bank of America assumed coverage on shares of Stanley Black & Decker in a research report on Friday, June 21st. They set an “underperform” rating and a $140.00 price target for the company. Finally, Nomura increased their price target on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $156.24.
In other news, SVP Jaime A. Ramirez sold 9,850 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now owns 45,706 shares in the company, valued at $6,903,434.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.03% of the stock is currently owned by company insiders.
Shares of SWK opened at $143.09 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $106.41 and a 1-year high of $154.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The firm’s 50 day simple moving average is $137.58 and its 200 day simple moving average is $140.06. The company has a market capitalization of $21.60 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.91 and a beta of 1.39.
Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the business earned $2.57 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post 8.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.69 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 1.93%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 33.87%.
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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