Deltec Asset Management LLC maintained its stake in Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SWK. Strategic Advisors LLC boosted 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 valued at $321,000 after buying an additional 12 shares during the period. Cleararc Capital Inc. boosted its position in shares of Stanley Black & Decker by 1.4% in the first quarter. Cleararc Capital Inc. now owns 3,728 shares of the company’s stock valued at $392,000 after buying an additional 52 shares during the period. Checchi Capital Advisers LLC boosted 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 valued at $195,000 after buying an additional 56 shares during the period. Capstone Asset Management Co. boosted its position in shares of Stanley Black & Decker by 0.3% in the first quarter. Capstone Asset Management Co. now owns 17,648 shares of the company’s stock valued at $1,857,000 after buying an additional 60 shares during the period. Finally, Duncker Streett & Co. Inc. boosted 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 valued at $196,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.56% during mid-day trading on Thursday, reaching $123.20. The company had a trading volume of 763,003 shares. The stock has a market cap of $18.53 billion, a PE ratio of 19.23 and a beta of 1.52. Stanley Black & Decker Inc. has a 12 month low of $88.72 and a 12 month high of $124.73. The firm’s 50-day moving average price is $122.37 and its 200-day moving average price is $113.86.

Stanley Black & Decker (NYSE:SWK) last released 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. Stanley Black & Decker had a net margin of 8.47% and a return on equity of 16.96%. The business earned $2.90 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the company earned $1.54 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research 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. Investors of record on Friday, September 2nd were given a $0.58 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s dividend payout ratio is currently 36.19%.

Several equities research analysts have recently weighed in on SWK shares. Zacks Investment Research raised 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. Credit Suisse Group AG reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Imperial Capital reissued a “hold” rating and set a $107.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, June 29th. Argus reissued a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Finally, Zelman & Associates lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $113.42.

In related news, CFO Donald Allan sold 30,371 shares of the company’s 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 sale, the chief financial officer now owns 115,225 shares in the company, valued at approximately $14,115,062.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John H. Wyatt sold 12,750 shares of the company’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $122.69, for a total transaction of $1,564,297.50. Following the completion of the sale, the insider now owns 61,345 shares of the company’s stock, valued at approximately $7,526,418.05. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.

About Stanley Black & Decker

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.

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