Meadow Creek Investment Management LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 16.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,188 shares of the industrial products company’s stock after buying an additional 896 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Stanley Black & Decker were worth $822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. TLP Group LLC grew its holdings in shares of Stanley Black & Decker by 32.8% during the first quarter. TLP Group LLC now owns 1,485 shares of the industrial products company’s stock valued at $228,000 after buying an additional 367 shares during the last quarter. IBM Retirement Fund grew its holdings in shares of Stanley Black & Decker by 11.9% during the first quarter. IBM Retirement Fund now owns 4,190 shares of the industrial products company’s stock valued at $642,000 after buying an additional 445 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Stanley Black & Decker by 10.7% during the first quarter. IFM Investors Pty Ltd now owns 4,745 shares of the industrial products company’s stock valued at $727,000 after buying an additional 458 shares during the last quarter. Altavista Wealth Management Inc. grew its holdings in shares of Stanley Black & Decker by 3.4% during the first quarter. Altavista Wealth Management Inc. now owns 14,216 shares of the industrial products company’s stock valued at $2,178,000 after buying an additional 464 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Stanley Black & Decker by 22.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after buying an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Several research analysts recently weighed in on SWK shares. JPMorgan Chase & Co. boosted their price target on shares of Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley cut their price target on shares of Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating on the stock in a report on Monday, July 23rd. Barclays cut their price target on shares of Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Finally, B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $179.27.

Stanley Black & Decker stock opened at $140.92 on Friday. The stock has a market cap of $21.78 billion, a P/E ratio of 17.60, a PEG ratio of 1.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. Stanley Black & Decker, Inc. has a fifty-two week low of $130.56 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.03 by $0.54. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. research analysts anticipate that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th will be given a $0.66 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, September 6th. This represents a $2.64 annualized dividend and a yield of 1.87%. Stanley Black & Decker’s payout ratio is currently 33.83%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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