Goelzer Investment Management Inc. cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,657 shares of the industrial products company’s stock after selling 1,081 shares during the period. Goelzer Investment Management Inc.’s holdings in Stanley Black & Decker were worth $5,018,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SWK. Honkamp Krueger Financial Services Inc. increased its position in shares of Stanley Black & Decker by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock worth $238,000 after buying an additional 5 shares in the last quarter. Sabal Trust CO increased its position in shares of Stanley Black & Decker by 0.4% in the second quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock worth $338,000 after buying an additional 9 shares in the last quarter. Savant Capital LLC increased its position in shares of Stanley Black & Decker by 0.5% in the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock worth $258,000 after buying an additional 10 shares in the last quarter. Huntington National Bank increased its position in shares of Stanley Black & Decker by 0.3% in the first quarter. Huntington National Bank now owns 6,529 shares of the industrial products company’s stock worth $868,000 after buying an additional 17 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position 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 worth $116,000 after buying an additional 23 shares in the last quarter. Institutional investors own 84.10% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 142.35 on Monday. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32. The company has a 50-day moving average price of $143.05 and a 200-day moving average price of $134.16. The firm has a market cap of $21.80 billion, a P/E ratio of 18.23 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 EPS. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

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

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A number of brokerages have recently weighed in on SWK. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, June 22nd. MKM Partners began coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 target price on the stock. FBR & Co reiterated an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. Imperial Capital upped their target price on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a report on Tuesday, May 9th. Finally, UBS AG reiterated a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $153.69.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the business’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 value of $1,457,006.40. Following the sale, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.15% of the company’s stock.

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

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