Peddock Capital Advisors LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,191 shares of the industrial products company’s stock after buying an additional 211 shares during the period. Peddock Capital Advisors LLC’s holdings in Stanley Black & Decker were worth $871,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Thompson Davis & CO. Inc. acquired a new position in Stanley Black & Decker during the first quarter worth about $108,000. Alexandria Capital LLC raised its position in Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock worth $110,000 after buying an additional 26 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position 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 worth $116,000 after buying an additional 23 shares in the last quarter. Coconut Grove Bank raised its position in Stanley Black & Decker by 98.4% in the first quarter. Coconut Grove Bank now owns 1,010 shares of the industrial products company’s stock worth $134,000 after buying an additional 501 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after buying an additional 461 shares in the last quarter. 83.40% of the stock is owned by institutional investors.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 137.50 on Monday. The stock has a market capitalization of $21.06 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32. The stock’s 50 day moving average is $142.51 and its 200 day moving average is $135.60.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period last year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 1.83%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 29.74%.

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SWK has been the subject of a number of recent research reports. BidaskClub raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Seaport Global Securities initiated coverage on shares of Stanley Black & Decker in a research report on Friday, June 16th. They set a “buy” rating and a $160.00 price target for the company. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Tuesday, May 23rd. MKM Partners initiated coverage on shares of Stanley Black & Decker in a research report on Friday, July 7th. They set a “buy” rating and a $166.00 price target for the company. Finally, Instinet raised their price target on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.15% of the stock is owned by company insiders.

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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