Advisor Partners LLC raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,419 shares of the industrial products company’s stock after buying an additional 157 shares during the period. Advisor Partners LLC’s holdings in Stanley Black & Decker were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SWK. Tompkins Financial Corp boosted its position 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. Thompson Davis & CO. Inc. acquired a new position in shares of Stanley Black & Decker during the first quarter valued at about $108,000. Alexandria Capital LLC boosted its position 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. Farmers & Merchants Investments Inc. boosted 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 valued at $116,000 after buying an additional 23 shares during the period. Finally, Coconut Grove Bank boosted its position in shares of Stanley Black & Decker by 98.4% in the first quarter. Coconut Grove Bank now owns 1,010 shares of the industrial products company’s stock valued at $134,000 after buying an additional 501 shares during the period. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 140.96 on Wednesday. The company has a market capitalization of $21.59 billion, a price-to-earnings ratio of 18.05 and a beta of 1.10. The company’s 50-day moving average is $143.11 and its 200 day moving average is $134.34. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.79%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is 29.74%.

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Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Tuesday, May 23rd. Seaport Global Securities began coverage on shares of Stanley Black & Decker in a research note on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Wolfe Research began coverage on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective on the stock. Imperial Capital upped their price objective on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average price target of $153.69.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker 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 sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the SEC, which is accessible through 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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