Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 136,803 shares of the company’s stock, valued at approximately $15,096,000. Stanley Black & Decker comprises 1.4% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings, making the stock its 24th largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.09% of Stanley Black & Decker as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SWK. Checchi Capital Advisers LLC raised its position in shares of 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 in the last quarter. Duncker Streett & Co. Inc. raised its position in shares of 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 in the last quarter. UMB Bank N A MO purchased a new position in shares of Stanley Black & Decker during the second quarter worth $205,000. Chicago Equity Partners LLC raised its position in shares of 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 in the last quarter. Finally, Strategic Advisors LLC raised its position in shares of 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 in the last quarter. 83.36% of the stock is currently owned by institutional investors and hedge funds.

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

Stanley Black & Decker Inc. (NYSE:SWK) traded down 0.19% during trading on Tuesday, hitting $120.00. The stock had a trading volume of 879,448 shares. The stock’s 50 day moving average price is $122.00 and its 200 day moving average price is $116.41. Stanley Black & Decker Inc. has a 12-month low of $88.72 and a 12-month high of $124.86. The firm has a market cap of $18.05 billion, a P/E ratio of 18.74 and a beta of 1.38.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, July 22nd. The company reported $1.84 EPS for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Stanley Black & Decker Inc. will post $6.48 EPS for the current fiscal year.

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

A number of research analysts have recently weighed in on SWK shares. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a report on Wednesday, July 27th. Credit Suisse Group AG restated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, June 28th. Imperial Capital restated a “hold” rating and issued a $107.00 target price on shares of Stanley Black & Decker in a research note on Wednesday, June 29th. Argus restated a “hold” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 26th. Finally, Zelman & Associates downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $117.45.

In related news, VP Steven J. Stafstrom sold 2,407 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total value of $293,557.72. Following the transaction, the vice president now owns 24,656 shares in the company, valued at approximately $3,007,045.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Donald Allan sold 30,371 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $122.50, for a total value of $3,720,447.50. Following the completion of the transaction, the chief financial officer now owns 115,225 shares in the company, valued at approximately $14,115,062.50. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.

About Stanley Black & Decker

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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