Bridgewater Associates LP trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 31.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,052 shares of the industrial products company’s stock after selling 9,081 shares during the quarter. Bridgewater Associates LP’s holdings in Stanley Black & Decker were worth $2,822,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Stanley Black & Decker by 0.3% in the 2nd 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 during the period. Sabal Trust CO raised its holdings in shares of Stanley Black & Decker by 0.4% in the 2nd 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 during the period. Savant Capital LLC raised its holdings in shares of Stanley Black & Decker by 0.5% in the 1st 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 during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Stanley Black & Decker by 2.9% in the 2nd 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 during the period. Finally, Bbva Compass Bancshares Inc. raised its holdings in shares of Stanley Black & Decker by 1.3% in the 2nd 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 during the period. Institutional investors own 83.74% of the company’s stock.

SWK has been the topic of a number of research reports. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Seaport Global Securities initiated coverage on Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective on the stock. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Instinet increased their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 28th. Finally, MKM Partners began coverage on Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average target price of $153.71.

In related news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.15% of the stock is currently owned by insiders.

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Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded down 0.078% during midday trading on Friday, reaching $147.605. The company’s stock had a trading volume of 181,593 shares. The stock has a market capitalization of $22.61 billion, a P/E ratio of 18.902 and a beta of 1.10. The stock’s 50-day moving average is $141.24 and its 200 day moving average is $137.83. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.36.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors 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 1.71%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is currently 32.31%.

Stanley Black & Decker 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.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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