Daiwa Securities Group Inc. maintained its stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The firm owned 4,274 shares of the industrial products company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Stanley Black & Decker were worth $601,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SWK. Honkamp Krueger Financial Services Inc. boosted its stake in 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 valued at $238,000 after buying an additional 5 shares in the last quarter. Sabal Trust CO boosted its stake in 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 valued at $338,000 after buying an additional 9 shares in the last quarter. Savant Capital LLC boosted its stake in 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 valued at $258,000 after buying an additional 10 shares in the last quarter. Huntington National Bank boosted its stake in 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 valued at $868,000 after buying an additional 17 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. boosted its stake in 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 in the last quarter. 84.10% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 139.15 on Friday. The firm has a market capitalization of $21.31 billion, a PE ratio of 17.82 and a beta of 1.10. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32. The stock has a 50 day moving average price of $142.81 and a 200-day moving average price of $135.07.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 15.36% and a net margin of 9.92%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently declared 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 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 1.81%. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) 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 $160.00 price target for the company in a report on Thursday, June 22nd. MKM Partners assumed coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 price target for the company. FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. Morgan Stanley raised their price target on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Imperial Capital raised their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $154.00.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction 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 owns 41,541 shares in the company, valued at approximately $5,797,461.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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