Deltec Asset Management LLC maintained its stake in Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The firm owned 2,000 shares of the company’s stock at the end of the second quarter. Deltec Asset Management LLC’s holdings in Stanley Black & Decker were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its position in shares of 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 during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of 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 during the last quarter. Strategic Advisors LLC raised its position in shares of 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 during the last quarter. Advisor Partners LLC raised its position in shares of 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 during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.56% on Thursday, reaching $123.20. 763,003 shares of the company’s stock traded hands. The company’s 50 day moving average is $122.37 and its 200-day moving average is $113.86. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 19.23 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 posted its quarterly earnings results on Friday, July 22nd. The company reported $1.84 earnings per share for the quarter, beating the 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 firm earned $2.90 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Stanley Black & Decker Inc. will post $6.48 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.58 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, August 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 36.19%.

A number of brokerages recently weighed in on SWK. Zelman & Associates lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Wednesday, July 27th. Imperial Capital restated a “hold” rating and set a $107.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. began coverage on shares of Stanley Black & Decker in a research note on Friday, June 10th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, Longbow Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus price target of $113.42.

In other news, VP Steven J. Stafstrom sold 2,407 shares of Stanley Black & Decker stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $121.96, for a total transaction of $293,557.72. Following the completion of the transaction, the vice president now directly owns 24,656 shares in the company, valued at $3,007,045.76. 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 Stanley Black & Decker stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $122.50, for a total transaction of $3,720,447.50. Following the transaction, the chief financial officer now owns 115,225 shares of the company’s stock, valued at $14,115,062.50. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

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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