Stanley Black & Decker Inc. (SWK) Shares Bought by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC boosted its position in Stanley Black & Decker Inc. (NYSE:SWK) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 17,969 shares of the company’s stock after buying an additional 393 shares during the period. Mutual of America Capital Management LLC’s holdings in Stanley Black & Decker were worth $2,210,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC increased its stake in Stanley Black & Decker by 9.4% in the second quarter. Krilogy Financial LLC now owns 1,192 shares of the company’s stock worth $133,000 after buying an additional 102 shares during the period. Reilly Financial Advisors LLC increased its stake in Stanley Black & Decker by 500.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,200 shares of the company’s stock worth $133,000 after buying an additional 1,000 shares during the last quarter. Dynamic Advisors Solutions LLC bought a new stake in Stanley Black & Decker during the third quarter worth $203,000. Canandaigua National Bank & Trust Co. bought a new stake in Stanley Black & Decker during the third quarter worth $206,000. Finally, 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 during the last quarter. 83.55% of the stock is currently owned by institutional investors and hedge funds.
Stanley Black & Decker Inc. (NYSE:SWK) traded up 0.24% on Tuesday, reaching $119.93. 632,602 shares of the company traded hands. The stock has a 50-day moving average of $119.30 and a 200 day moving average of $118.43. The company has a market capitalization of $18.07 billion, a PE ratio of 18.24 and a beta of 1.13. Stanley Black & Decker Inc. has a 52-week low of $88.72 and a 52-week high of $126.72.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Thursday, October 27th. The company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.06. Stanley Black & Decker had a net margin of 8.61% and a return on equity of 16.77%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm earned $1.55 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Stanley Black & Decker Inc. will post $6.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.93%. Stanley Black & Decker’s dividend payout ratio is presently 35.31%.
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A number of research firms have weighed in on SWK. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $125.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 18th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $117.45.
In other Stanley Black & Decker news, Director Michael David Hankin bought 450 shares of the stock in a transaction dated Friday, October 28th. The shares were bought at an average cost of $114.54 per share, with a total value of $51,543.00. Following the completion of the acquisition, the director now owns 900 shares of the company’s stock, valued at $103,086. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John H. Wyatt sold 12,750 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $122.69, for a total transaction of $1,564,297.50. Following the transaction, the insider now directly owns 61,345 shares in the company, valued at $7,526,418.05. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
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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