SeaBridge Investment Advisors LLC Purchases 240 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

SeaBridge Investment Advisors LLC boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,999 shares of the industrial products company’s stock after buying an additional 240 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $615,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SWK. Dynamic Advisor Solutions LLC raised its stake in shares of Stanley Black & Decker by 2.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 3,254 shares of the industrial products company’s stock valued at $667,000 after acquiring an additional 91 shares during the last quarter. National Asset Management Inc. raised its position in Stanley Black & Decker by 43.9% during the 2nd quarter. National Asset Management Inc. now owns 4,522 shares of the industrial products company’s stock worth $925,000 after purchasing an additional 1,379 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Stanley Black & Decker by 34.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,432 shares of the industrial products company’s stock worth $1,728,000 after buying an additional 2,157 shares during the period. Principal Financial Group Inc. increased its stake in shares of Stanley Black & Decker by 3.1% in the second quarter. Principal Financial Group Inc. now owns 200,700 shares of the industrial products company’s stock valued at $41,141,000 after buying an additional 6,069 shares during the period. Finally, Olstein Capital Management L.P. raised its position in shares of Stanley Black & Decker by 225.6% during the second quarter. Olstein Capital Management L.P. now owns 28,000 shares of the industrial products company’s stock worth $5,740,000 after acquiring an additional 19,400 shares during the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

Several research analysts have issued reports on SWK shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, July 14th. Robert W. Baird restated a “buy” rating on shares of Stanley Black & Decker in a report on Tuesday, May 18th. Morgan Stanley increased their price target on Stanley Black & Decker from $230.00 to $234.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Gabelli raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Thursday, June 17th. Finally, Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Tuesday, June 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of “Buy” and a consensus target price of $217.00.

Shares of SWK traded up $3.45 during trading hours on Wednesday, hitting $185.83. The stock had a trading volume of 13,416 shares, compared to its average volume of 1,125,393. Stanley Black & Decker, Inc. has a 1-year low of $152.19 and a 1-year high of $225.00. The firm has a market capitalization of $30.28 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42. The firm has a 50 day simple moving average of $197.02 and a 200-day simple moving average of $201.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.21 and a quick ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Monday, July 26th. The industrial products company reported $3.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.19. Stanley Black & Decker had a return on equity of 20.65% and a net margin of 10.80%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the firm posted $1.60 earnings per share. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. Equities analysts predict that Stanley Black & Decker, Inc. will post 11.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 21st. Shareholders of record on Tuesday, September 7th will be issued a dividend of $0.79 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.70. The ex-dividend date is Friday, September 3rd. This represents a $3.16 annualized dividend and a yield of 1.70%. Stanley Black & Decker’s dividend payout ratio is presently 34.96%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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