CX Institutional Has $27,000 Position in Stanley Black & Decker, Inc. (NYSE:SWK)

CX Institutional increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 114.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167 shares of the industrial products company’s stock after acquiring an additional 89 shares during the quarter. CX Institutional’s holdings in Stanley Black & Decker were worth $27,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings in Stanley Black & Decker by 53.7% in the 2nd quarter. FMR LLC now owns 3,041,285 shares of the industrial products company’s stock valued at $423,895,000 after buying an additional 1,062,262 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Stanley Black & Decker by 396.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 644,000 shares of the industrial products company’s stock valued at $64,401,000 after buying an additional 514,188 shares in the last quarter. Capital Research Global Investors grew its holdings in Stanley Black & Decker by 6.4% in the 1st quarter. Capital Research Global Investors now owns 7,326,699 shares of the industrial products company’s stock valued at $732,670,000 after buying an additional 442,717 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Stanley Black & Decker by 25.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,431,867 shares of the industrial products company’s stock valued at $199,573,000 after buying an additional 289,347 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Stanley Black & Decker by 23.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,263,167 shares of the industrial products company’s stock valued at $176,061,000 after buying an additional 241,753 shares in the last quarter. 88.56% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jaime A. Ramirez sold 22,700 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $155.22, for a total value of $3,523,494.00. Following the transaction, the executive vice president now owns 54,528 shares in the company, valued at $8,463,836.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert H. Raff, Jr. sold 16,875 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $162.00, for a total value of $2,733,750.00. Following the completion of the transaction, the insider now owns 11,967 shares in the company, valued at approximately $1,938,654. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

NYSE SWK opened at $176.38 on Friday. The business has a 50 day simple moving average of $164.11 and a 200 day simple moving average of $140.13. Stanley Black & Decker, Inc. has a one year low of $70.00 and a one year high of $180.26. The stock has a market capitalization of $28.16 billion, a P/E ratio of 33.60, a P/E/G ratio of 3.56 and a beta of 1.56. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.26 and a quick ratio of 0.66.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.33. Stanley Black & Decker had a return on equity of 13.97% and a net margin of 5.88%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. Equities analysts expect that Stanley Black & Decker, Inc. will post 7.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.59%. Stanley Black & Decker’s dividend payout ratio is presently 33.33%.

A number of research analysts have commented on the company. Morgan Stanley upped their price objective on Stanley Black & Decker from $171.00 to $191.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “strong-buy” rating and set a $204.00 target price on the stock in a report on Thursday. Raymond James reissued a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, September 1st. Wolfe Research raised Stanley Black & Decker from a “peer perform” rating to an “outperform” rating and set a $159.00 target price on the stock in a report on Thursday, June 25th. Finally, Robert W. Baird increased their target price on Stanley Black & Decker from $175.00 to $184.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $165.93.

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.

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

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