Bessemer Group Inc. reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,440 shares of the industrial products company’s stock after selling 3,135 shares during the quarter. Bessemer Group Inc.’s holdings in Stanley Black & Decker were worth $5,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in SWK. BB&T Investment Services Inc. purchased a new stake in Stanley Black & Decker in the second quarter valued at approximately $102,000. Acrospire Investment Management LLC raised its stake in Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares in the last quarter. Farmers & Merchants Investments Inc. raised 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 purchasing an additional 23 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake in Stanley Black & Decker by 108.8% in the third quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 533 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in Stanley Black & Decker by 10,027.3% in the second quarter. Sun Life Financial INC now owns 1,114 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 1,103 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the transaction, the insider now owns 49,188 shares in the company, valued at $7,277,856.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James M. Loree sold 70,531 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the completion of the transaction, the chief executive officer now owns 175,449 shares in the company, valued at approximately $28,387,648.20. The disclosure for this sale can be found here. Insiders sold 110,167 shares of company stock worth $17,655,441 in the last 90 days. Company insiders own 1.15% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley raised their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, 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 note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $167.29.

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Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded up $0.12 during trading on Friday, hitting $162.97. 632,100 shares of the stock traded hands, compared to its average volume of 1,065,504. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. Stanley Black & Decker, Inc. has a 1 year low of $114.27 and a 1 year high of $168.25. The company has a market capitalization of $24,991.78, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. analysts forecast that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio is 31.82%.

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.

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

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