Pioneer Investment Management Inc. increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 63.9% during the second quarter, Holdings Channel reports. The institutional investor owned 73,959 shares of the industrial products company’s stock after buying an additional 28,826 shares during the period. Pioneer Investment Management Inc.’s holdings in Stanley Black & Decker were worth $10,408,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. bought a new stake in Stanley Black & Decker during the first quarter valued at approximately $108,000. 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. Alexandria Capital LLC boosted its stake in 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 in the last quarter. Independent Portfolio Consultants Inc. boosted its stake in 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 in the last quarter. Finally, Tompkins Financial Corp boosted its stake in 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 in the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker, Inc. (SWK) opened at 139.15 on Friday. The company has a 50 day moving average of $142.81 and a 200 day moving average of $135.07. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 17.82 and a beta of 1.10. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The business 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 quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal 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 given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.81%. This is a positive change 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 presently 29.74%.

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Several research firms have recently commented on SWK. Morgan Stanley raised their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Thursday. BidaskClub cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. UBS AG reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of 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. Finally, KeyCorp raised shares of 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $154.00.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the 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 completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.15% of the company’s stock.

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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