Inscription Capital LLC Purchases Shares of 3,513 Stanley Black & Decker, Inc. (NYSE:SWK)

Inscription Capital LLC purchased a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,513 shares of the industrial products company’s stock, valued at approximately $720,000.

Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group boosted its holdings in Stanley Black & Decker by 150.4% during the 1st quarter. Schroder Investment Management Group now owns 14,391 shares of the industrial products company’s stock worth $2,873,000 after acquiring an additional 8,644 shares during the last quarter. Sei Investments Co. boosted its holdings in Stanley Black & Decker by 2.4% during the 2nd quarter. Sei Investments Co. now owns 26,011 shares of the industrial products company’s stock worth $5,213,000 after acquiring an additional 613 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Stanley Black & Decker by 37.3% during the 2nd quarter. Raymond James Trust N.A. now owns 7,019 shares of the industrial products company’s stock worth $1,439,000 after acquiring an additional 1,908 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Stanley Black & Decker by 1.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,293,486 shares of the industrial products company’s stock worth $470,140,000 after buying an additional 28,132 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in shares of Stanley Black & Decker by 70.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 19,469 shares of the industrial products company’s stock worth $3,991,000 after buying an additional 8,075 shares during the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

Shares of SWK opened at $173.30 on Thursday. The business’s 50-day moving average price is $187.45 and its 200-day moving average price is $199.58. Stanley Black & Decker, Inc. has a twelve month low of $161.80 and a twelve month high of $225.00. The stock has a market cap of $28.24 billion, a PE ratio of 15.60, a P/E/G ratio of 1.31 and a beta of 1.42. The company has a quick ratio of 0.53, a current ratio of 1.21 and a debt-to-equity ratio of 0.41.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Monday, July 26th. The industrial products company reported $3.08 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The company’s revenue was up 38.7% on a year-over-year basis. Analysts expect that Stanley Black & Decker, Inc. will post 11.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 21st. Stockholders of record on Tuesday, September 7th were given a dividend of $0.79 per share. The ex-dividend date was Friday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.70. This represents a $3.16 annualized dividend and a dividend yield of 1.82%. Stanley Black & Decker’s dividend payout ratio is currently 34.96%.

A number of equities analysts recently weighed in on SWK shares. Wells Fargo & Company started coverage on shares of Stanley Black & Decker in a report on Thursday, October 7th. They issued an “overweight” rating and a $227.00 price target on the stock. G.Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, June 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Stanley Black & Decker from $241.00 to $238.00 and set a “buy” rating on the stock in a report on Wednesday, July 14th. Gabelli raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Thursday, June 17th. Finally, Vertical Research began coverage on shares of Stanley Black & Decker in a report on Friday, October 8th. They set a “buy” rating and a $227.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $217.08.

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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