Wagner Bowman Management Corp decreased its stake in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 8.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,655 shares of the company’s stock after selling 411 shares during the period. Wagner Bowman Management Corp’s holdings in Stanley Black & Decker were worth $517,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in Stanley Black & Decker by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,751 shares of the company’s stock worth $195,000 after buying an additional 56 shares in the last quarter. Duncker Streett & Co. Inc. increased its stake in Stanley Black & Decker by 4.1% in the second quarter. Duncker Streett & Co. Inc. now owns 1,758 shares of the company’s stock worth $196,000 after buying an additional 69 shares in the last quarter. Strategic Advisors LLC increased its stake in Stanley Black & Decker by 0.4% in the second quarter. Strategic Advisors LLC now owns 2,885 shares of the company’s stock worth $321,000 after buying an additional 12 shares in the last quarter. Advisor Partners LLC increased its stake in Stanley Black & Decker by 7.2% in the first quarter. Advisor Partners LLC now owns 3,135 shares of the company’s stock worth $330,000 after buying an additional 211 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in Stanley Black & Decker by 49.0% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,163 shares of the company’s stock worth $333,000 after buying an additional 1,040 shares in the last quarter. 84.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.58% on Tuesday, reaching $121.96. The company’s stock had a trading volume of 1,157,072 shares. The company has a 50 day moving average price of $122.31 and a 200 day moving average price of $113.73. The company has a market cap of $18.35 billion, a P/E ratio of 19.04 and a beta of 1.52. Stanley Black & Decker Inc. has a 52-week low of $88.72 and a 52-week high of $124.73.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 22nd. The company reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.12. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.54 EPS. On average, analysts anticipate that Stanley Black & Decker Inc. will post $6.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, August 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 36.19%.

A number of analysts have recently commented on SWK shares. Argus reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Imperial Capital boosted their price objective on Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research note on Monday, July 25th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Credit Suisse Group AG reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Finally, Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $112.85.

In other Stanley Black & Decker news, SVP Ben S. Sihota sold 5,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $124.54, for a total value of $622,700.00. Following the transaction, the senior vice president now directly owns 21,200 shares in the company, valued at approximately $2,640,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donald Allan sold 30,371 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $122.50, for a total value of $3,720,447.50. Following the completion of the transaction, the chief financial officer now owns 115,225 shares in the company, valued at $14,115,062.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

5 Day Chart for NYSE:SWK

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