Davis Rea Ltd. boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 40,422 shares of the industrial products company’s stock after buying an additional 510 shares during the period. Stanley Black & Decker makes up 3.6% of Davis Rea Ltd.’s investment portfolio, making the stock its 13th largest position. Davis Rea Ltd.’s holdings in Stanley Black & Decker were worth $5,689,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Davis & CO. Inc. purchased a new position in shares of Stanley Black & Decker during the first quarter valued at $108,000. Farmers & Merchants Investments Inc. raised 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. Alexandria Capital LLC raised 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. Independent Portfolio Consultants Inc. raised its position 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 raised 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. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 140.34 on Thursday. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32. The stock’s 50 day moving average price is $143.03 and its 200 day moving average price is $134.91. The firm has a market capitalization of $21.49 billion, a P/E ratio of 17.97 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping 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 net margin of 9.92% and a return on equity of 15.36%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.80%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is currently 29.74%.

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Several research firms have commented on SWK. BidaskClub lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. UBS AG reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research report on Thursday, July 27th. KeyCorp raised Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research report on Friday, April 21st. Finally, Instinet raised their price objective on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, June 28th. One equities research 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. The stock presently has an average rating of “Buy” and an average price target of $153.69.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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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