Glen Harbor Capital Management LLC cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,514 shares of the industrial products company’s stock after selling 476 shares during the period. Glen Harbor Capital Management LLC’s holdings in Stanley Black & Decker were worth $998,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. OppenheimerFunds Inc. increased its stake in Stanley Black & Decker by 26.8% during the second quarter. OppenheimerFunds Inc. now owns 773,787 shares of the industrial products company’s stock worth $102,766,000 after purchasing an additional 163,342 shares during the period. Renaissance Technologies LLC increased its stake in Stanley Black & Decker by 32.4% during the second quarter. Renaissance Technologies LLC now owns 362,769 shares of the industrial products company’s stock worth $48,179,000 after purchasing an additional 88,807 shares during the period. Stephens Inc. AR increased its stake in Stanley Black & Decker by 7.3% during the second quarter. Stephens Inc. AR now owns 27,868 shares of the industrial products company’s stock worth $3,701,000 after purchasing an additional 1,903 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Stanley Black & Decker by 55.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,464 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 875 shares during the period. Finally, ING Groep NV increased its stake in Stanley Black & Decker by 53.4% during the second quarter. ING Groep NV now owns 16,523 shares of the industrial products company’s stock worth $2,194,000 after purchasing an additional 5,755 shares during the period. Institutional investors own 83.70% of the company’s stock.

Shares of Stanley Black & Decker stock opened at $147.36 on Friday. Stanley Black & Decker, Inc. has a one year low of $130.56 and a one year high of $176.62. The stock has a market cap of $21.70 billion, a PE ratio of 19.66, a P/E/G ratio of 1.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51.

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 Zacks’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. sell-side analysts predict 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. Stockholders of record on Friday, September 7th will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, September 6th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.79%. Stanley Black & Decker’s payout ratio is currently 35.44%.

A number of analysts have issued reports on SWK shares. Wells Fargo & Co cut their price target on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. UBS Group cut their price target on shares of Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. 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 research note on Monday, July 23rd. ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a research 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 company’s stock. The company currently has an average rating of “Buy” and an average target price of $179.27.

In related news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at $1,774,984.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Stanley Black & Decker Profile

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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