Rothschild Asset Management Inc. raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.7% during the first quarter, Holdings Channel reports. The fund owned 440,515 shares of the industrial products company’s stock after buying an additional 62,953 shares during the period. Rothschild Asset Management Inc.’s holdings in Stanley Black & Decker were worth $58,531,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $190,743,000. Franklin Resources Inc. raised its position in shares of Stanley Black & Decker by 58.2% in the fourth quarter. Franklin Resources Inc. now owns 2,229,725 shares of the industrial products company’s stock valued at $255,736,000 after buying an additional 820,031 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Stanley Black & Decker by 54.8% in the fourth quarter. Janus Capital Management LLC now owns 978,983 shares of the industrial products company’s stock valued at $112,280,000 after buying an additional 346,520 shares during the last quarter. Boston Partners raised its position in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its position in shares of Stanley Black & Decker by 39.2% in the first quarter. Pictet Asset Management Ltd. now owns 648,020 shares of the industrial products company’s stock valued at $86,102,000 after buying an additional 182,400 shares during the last quarter. 84.27% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.60% during mid-day trading on Tuesday, reaching $142.96. The company had a trading volume of 230,039 shares. The company has a market capitalization of $21.87 billion, a PE ratio of 18.26 and a beta of 1.06. The firm has a 50-day moving average of $137.96 and a 200 day moving average of $128.66. Stanley Black & Decker, Inc. has a 1-year low of $103.86 and a 1-year high of $143.04.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, April 21st. The industrial products company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Stanley Black & Decker had a return on equity of 15.47% and a net margin of 10.13%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Wednesday, June 7th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, June 5th. Stanley Black & Decker’s dividend payout ratio is currently 29.67%.

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A number of research firms recently weighed in on SWK. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $152.00 in a research report on Monday, April 24th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Barclays PLC boosted their target price on Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Nomura began coverage on Stanley Black & Decker in a research report on Wednesday, April 12th. They issued a “buy” rating and a $145.00 target price for the company. Finally, Imperial Capital boosted their target price on Stanley Black & Decker from $125.00 to $148.00 and gave the stock an “in-line” rating in a research report on Tuesday, May 9th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Stanley Black & Decker presently has an average rating of “Buy” and an average price target of $150.13.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey D. Ansell sold 11,474 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $135.61, for a total value of $1,555,989.14. Following the sale, the executive vice president now directly owns 61,504 shares of the company’s stock, valued at $8,340,557.44. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as 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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