Alliancebernstein L.P. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 516,012 shares of the industrial products company’s stock after purchasing an additional 1,830 shares during the quarter. Alliancebernstein L.P. owned 0.34% of Stanley Black & Decker worth $72,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Honkamp Krueger Financial Services Inc. grew its holdings in shares of Stanley Black & Decker by 0.3% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 5 shares in the last quarter. Sabal Trust CO grew its holdings in shares of Stanley Black & Decker by 0.4% during the second quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock worth $338,000 after purchasing an additional 9 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Stanley Black & Decker by 0.5% during the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Stanley Black & Decker by 2.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 23 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its holdings in shares of Stanley Black & Decker by 1.3% during the second quarter. Bbva Compass Bancshares Inc. now owns 1,852 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 23 shares in the last quarter. 83.74% of the stock is owned by institutional investors.

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Shares of Stanley Black & Decker, Inc. (SWK) opened at 147.50 on Wednesday. The stock has a market cap of $22.59 billion, a price-to-earnings ratio of 18.89 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. The firm has a 50-day moving average price of $140.78 and a 200 day moving average price of $137.54.

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 during 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 firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. On average, 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 issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.71%. The ex-dividend date is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.31%.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the transaction, the insider now owns 49,188 shares in the company, valued at approximately $7,277,856.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

Several brokerages have recently commented on SWK. Robert W. Baird reissued a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 28th. Morgan Stanley boosted their price objective on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. BidaskClub lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, UBS AG reissued a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $153.71.

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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