Symphony Asset Management LLC lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,301 shares of the industrial products company’s stock after selling 16 shares during the quarter. Symphony Asset Management LLC’s holdings in Stanley Black & Decker were worth $324,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SWK. Thompson Davis & CO. Inc. purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $108,000. Farmers & Merchants Investments Inc. lifted its position in shares of Stanley Black & Decker by 2.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after buying an additional 23 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its position in shares of Stanley Black & Decker by 87.8% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after buying an additional 461 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $140,000. Finally, Assetmark Inc. lifted its position in shares of Stanley Black & Decker by 5.4% during the 1st quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock worth $183,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares in the company, valued at $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.

WARNING: “Stanley Black & Decker, Inc. (SWK) Stake Decreased by Symphony Asset Management LLC” was published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/16/stanley-black-decker-inc-swk-stake-decreased-by-symphony-asset-management-llc.html.

Several analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective 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, August 10th. BidaskClub upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. UBS AG restated a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Stanley Black & Decker in a research report on Tuesday, July 25th. Instinet boosted their price objective on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price objective for the company in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Stanley Black & Decker has a consensus rating of “Buy” and an average price target of $153.71.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 148.04 on Friday. The stock has a market cap of $22.67 billion, a P/E ratio of 18.96 and a beta of 1.10. The company has a 50-day moving average of $141.44 and a 200 day moving average of $137.97. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.36.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.70%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 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)

Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with MarketBeat.com's FREE daily email newsletter.