Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by BlackRock Inc.

BlackRock Inc. decreased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,602,664 shares of the industrial products company’s stock after selling 108,701 shares during the quarter. BlackRock Inc. owned about 0.07% of Stanley Black & Decker worth $2,173,438,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Ten Capital Wealth Advisors LLC increased its position in Stanley Black & Decker by 50.0% during the first quarter. Ten Capital Wealth Advisors LLC now owns 150 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 50 shares during the last quarter. Sowell Financial Services LLC increased its position in Stanley Black & Decker by 1.7% during the first quarter. Sowell Financial Services LLC now owns 3,250 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 54 shares during the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in Stanley Black & Decker by 0.8% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 7,141 shares of the industrial products company’s stock worth $1,464,000 after buying an additional 55 shares during the period. Summit Financial Group Inc. grew its stake in Stanley Black & Decker by 2.9% during the second quarter. Summit Financial Group Inc. now owns 2,137 shares of the industrial products company’s stock worth $438,000 after buying an additional 60 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its stake in Stanley Black & Decker by 2.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 2,581 shares of the industrial products company’s stock worth $529,000 after buying an additional 60 shares during the period. 84.69% of the stock is owned by hedge funds and other institutional investors.

NYSE SWK opened at $181.81 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $155.00 and a 12 month high of $225.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.21 and a quick ratio of 0.53. The company has a market capitalization of $29.63 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42. The company’s fifty day moving average price is $194.22 and its two-hundred day moving average price is $201.16.

Stanley Black & Decker (NYSE:SWK) last posted 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 net margin of 10.80% and a return on equity of 20.65%. The firm had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same period in the prior year, the firm posted $1.60 EPS. The firm’s revenue was up 38.7% compared to the same quarter last year. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 11.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 21st. Shareholders of record on Tuesday, September 7th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.74%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, September 3rd. Stanley Black & Decker’s dividend payout ratio is 34.96%.

Several equities research analysts have issued reports on the stock. Gabelli upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Thursday, June 17th. Morgan Stanley boosted their price objective on shares of Stanley Black & Decker from $230.00 to $234.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $220.00 price objective for the company in a research note on Tuesday, June 8th. G.Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Thursday, June 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating for the company in a research note on Wednesday, July 14th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $217.00.

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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