Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 471,093 shares of the company’s stock after selling 9,665 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Stanley Black & Decker worth $52,395,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC increased its stake in Stanley Black & Decker by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,751 shares of the company’s stock worth $195,000 after buying an additional 56 shares during the last quarter. Duncker Streett & Co. Inc. increased its stake in Stanley Black & Decker by 4.1% in the second quarter. Duncker Streett & Co. Inc. now owns 1,758 shares of the company’s stock worth $196,000 after buying an additional 69 shares during the last quarter. UMB Bank N A MO bought a new stake in Stanley Black & Decker during the second quarter worth about $205,000. Chicago Equity Partners LLC increased its stake in Stanley Black & Decker by 5.0% in the second quarter. Chicago Equity Partners LLC now owns 2,715 shares of the company’s stock worth $302,000 after buying an additional 130 shares during the last quarter. Finally, Strategic Advisors LLC increased its stake in Stanley Black & Decker by 0.4% in the second quarter. Strategic Advisors LLC now owns 2,885 shares of the company’s stock worth $321,000 after buying an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 83.36% of the company’s stock.

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

Stanley Black & Decker Inc. (NYSE:SWK) traded down 0.82% during mid-day trading on Monday, reaching $120.23. 517,023 shares of the company traded hands. The company has a market capitalization of $18.09 billion, a P/E ratio of 18.77 and a beta of 1.38. Stanley Black & Decker Inc. has a 52-week low of $88.72 and a 52-week high of $124.86. The stock has a 50 day moving average price of $122.07 and a 200-day moving average price of $116.15.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Friday, July 22nd. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.12. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts expect that Stanley Black & Decker Inc. will post $6.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, September 2nd were issued a $0.58 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.32 dividend on an annualized basis and a yield of 1.93%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.55. Stanley Black & Decker’s dividend payout ratio is currently 36.19%.

A number of equities research analysts recently issued reports on the stock. Argus restated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, July 26th. Imperial Capital boosted their price objective on shares of Stanley Black & Decker from $107.00 to $125.00 and gave the stock an “in-line” rating in a research note on Monday, July 25th. Credit Suisse Group AG reiterated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, Longbow Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research note on Monday, August 22nd. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.45.

In related news, SVP Ben S. Sihota sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $124.54, for a total value of $622,700.00. Following the transaction, the senior vice president now owns 21,200 shares in the company, valued at $2,640,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steven J. Stafstrom sold 2,407 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total value of $293,557.72. Following the completion of the transaction, the vice president now owns 24,656 shares in the company, valued at approximately $3,007,045.76. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (automatic doors and commercial locking systems), electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

5 Day Chart for NYSE:SWK

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