Virginia Retirement Systems ET AL acquired a new stake in Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The institutional investor acquired 31,500 shares of the company’s stock, valued at approximately $3,503,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reilly Financial Advisors LLC increased its position in shares of Stanley Black & Decker by 500.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,200 shares of the company’s stock valued at $133,000 after buying an additional 1,000 shares during the last quarter. Checchi Capital Advisers LLC increased 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 last quarter. Duncker Streett & Co. Inc. increased 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 last quarter. Buckingham Asset Management LLC acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $200,000. Finally, UMB Bank N A MO acquired a new position in shares of Stanley Black & Decker during the second quarter valued at about $205,000. 83.96% of the stock is currently owned by institutional investors.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) opened at 122.51 on Thursday. The company has a 50-day moving average of $122.33 and a 200-day moving average of $113.79. The stock has a market capitalization of $18.43 billion, a P/E ratio of 19.13 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.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Friday, July 22nd. The company reported $1.84 earnings per share 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 company earned $2.90 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $1.54 EPS. Stanley Black & Decker’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker Inc. will post $6.48 earnings per share for the current fiscal year.

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

Several brokerages have issued reports on SWK. Imperial Capital raised their price objective on shares of Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research report on Monday, July 25th. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. assumed coverage on shares of Stanley Black & Decker in a research note on Friday, June 10th. They issued a “neutral” rating and a $120.00 target price for the company. Longbow Research cut shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $113.42.

In other Stanley Black & Decker news, SVP Ben S. Sihota sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $124.54, for a total value of $622,700.00. Following the completion of the sale, the senior vice president now directly owns 21,200 shares of the company’s stock, valued at approximately $2,640,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven J. Stafstrom sold 2,407 shares of the company’s 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 sale, the vice president now directly owns 24,656 shares of the company’s stock, valued at $3,007,045.76. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company 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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