Cadence Bank NA raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 2,291 shares of the industrial products company’s stock after buying an additional 56 shares during the period. Cadence Bank NA’s holdings in Stanley Black & Decker were worth $323,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SWK. Thompson Davis & CO. Inc. acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at approximately $108,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after buying an additional 23 shares during the period. Alexandria Capital LLC boosted its stake in shares of Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after buying an additional 461 shares during the period. Finally, Tompkins Financial Corp boosted its stake in shares of Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the period. 83.77% of the stock is owned by institutional investors and hedge funds.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 142.35 on Friday. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of 18.23 and a beta of 1.10. Stanley Black & Decker, Inc. has a one year low of $111.89 and a one year high of $148.32. The company’s 50 day moving average price is $143.05 and its 200 day moving average price is $134.16.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be paid a $0.63 dividend. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 1.77%. Stanley Black & Decker’s dividend payout ratio is presently 29.74%.

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Several analysts have recently commented on the company. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Thursday, July 27th. BidaskClub cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. KeyCorp raised Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Friday, April 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 target price (up previously from $148.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $153.69.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

About Stanley Black & Decker

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

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