Calamos Advisors LLC Sells 274,767 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Calamos Advisors LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 77.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 78,524 shares of the industrial products company’s stock after selling 274,767 shares during the quarter. Calamos Advisors LLC’s holdings in Stanley Black & Decker were worth $13,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MML Investors Services LLC lifted its position in shares of Stanley Black & Decker by 4.7% during the second quarter. MML Investors Services LLC now owns 6,985 shares of the industrial products company’s stock valued at $1,010,000 after purchasing an additional 312 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Stanley Black & Decker by 19.0% during the second quarter. Profund Advisors LLC now owns 2,894 shares of the industrial products company’s stock valued at $419,000 after purchasing an additional 462 shares in the last quarter. United Capital Financial Advisers LLC lifted its position in shares of Stanley Black & Decker by 4.7% during the second quarter. United Capital Financial Advisers LLC now owns 2,808 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 126 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Stanley Black & Decker by 0.5% during the second quarter. HighTower Advisors LLC now owns 18,702 shares of the industrial products company’s stock valued at $2,706,000 after purchasing an additional 96 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Stanley Black & Decker during the second quarter valued at about $333,000. Institutional investors and hedge funds own 84.25% of the company’s stock.

In other news, CAO Jocelyn Belisle sold 206 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $158.72, for a total value of $32,696.32. Following the sale, the chief accounting officer now owns 12,329 shares of the company’s stock, valued at $1,956,858.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nixon John purchased 169,566 shares of the stock in a transaction dated Wednesday, November 13th. The stock was acquired at an average cost of $0.18 per share, for a total transaction of $31,200.14. In the last ninety days, insiders sold 61,720 shares of company stock worth $9,846,273. Insiders own 1.03% of the company’s stock.

Shares of SWK stock opened at $167.08 on Thursday. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 2.16 and a beta of 1.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 0.98. Stanley Black & Decker, Inc. has a 52 week low of $115.02 and a 52 week high of $169.54. The firm’s 50-day simple moving average is $163.30 and its two-hundred day simple moving average is $149.53.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.03 by $0.10. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.65 billion. Stanley Black & Decker had a net margin of 4.80% and a return on equity of 17.10%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 earnings per share. Analysts forecast that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current year.

Stanley Black & Decker announced that its board has initiated a stock repurchase plan on Thursday, October 24th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

A number of research firms recently weighed in on SWK. Deutsche Bank raised their price target on shares of Stanley Black & Decker from $166.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Zelman & Associates lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, October 25th. Wolfe Research set a $160.00 price target on shares of Stanley Black & Decker and gave the company a “hold” rating in a research report on Friday, October 25th. Barclays lowered shares of Stanley Black & Decker to an “overweight” rating and raised their price target for the company from $161.00 to $175.00 in a research report on Thursday, December 5th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $165.94.

Stanley Black & Decker 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.

Further Reading: Risk Tolerance

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

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