British Airways Pensions Investment Management Ltd purchased a new stake in Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The institutional investor purchased 229,209 shares of the company’s stock, valued at approximately $25,594,000.

Several other institutional investors have also bought and sold shares of SWK. Checchi Capital Advisers LLC boosted 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 valued at $195,000 after buying an additional 56 shares during the last quarter. Duncker Streett & Co. Inc. boosted 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 valued at $196,000 after buying an additional 69 shares during the last quarter. Strategic Advisors LLC boosted 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 valued at $321,000 after buying an additional 12 shares during the last quarter. Advisor Partners LLC boosted 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 valued at $330,000 after buying an additional 211 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted 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 valued at $333,000 after buying an additional 1,040 shares during the last quarter. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.45% on Wednesday, reaching $122.51. 877,801 shares of the company were exchanged. The stock has a market capitalization of $18.43 billion, a PE ratio of 19.13 and a beta of 1.52. Stanley Black & Decker Inc. has a 1-year low of $88.72 and a 1-year high of $124.73. The company has a 50-day moving average price of $122.33 and a 200 day moving average price of $113.79.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were given a $0.58 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.32 annualized dividend and a yield of 1.89%. Stanley Black & Decker’s dividend payout ratio (DPR) is 36.19%.

Several equities research analysts recently issued reports on the stock. Argus restated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 26th. Imperial Capital lifted their price target on shares of Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a research report on Monday, July 25th. Credit Suisse Group AG reiterated a “hold” rating on shares of Stanley Black & Decker in a research report on Tuesday, June 28th. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $112.85.

In other Stanley Black & Decker news, VP Steven J. Stafstrom sold 2,407 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total value of $293,557.72. Following the completion of the sale, the vice president now owns 24,656 shares of the company’s stock, valued at $3,007,045.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Lee B. Mcchesney sold 1,875 shares of the stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $118.06, for a total transaction of $221,362.50. Following the completion of the sale, the chief financial officer now directly owns 28,679 shares of the company’s stock, valued at approximately $3,385,842.74. The disclosure for this sale can be found here. 1.80% of the stock is currently 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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