ClariVest Asset Management LLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,338 shares of the industrial products company’s stock, valued at approximately $188,000.

Several other institutional investors also recently made changes to their positions in SWK. Honkamp Krueger Financial Services Inc. increased its position in shares of Stanley Black & Decker by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock worth $238,000 after buying an additional 5 shares in the last quarter. Sabal Trust CO increased its position in shares of Stanley Black & Decker by 0.4% in the second quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock worth $338,000 after buying an additional 9 shares in the last quarter. Savant Capital LLC increased its position in shares of Stanley Black & Decker by 0.5% in the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock worth $258,000 after buying an additional 10 shares in the last quarter. Huntington National Bank increased its position in shares of Stanley Black & Decker by 0.3% in the first quarter. Huntington National Bank now owns 6,529 shares of the industrial products company’s stock worth $868,000 after buying an additional 17 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in shares of 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. 83.40% of the stock is owned by institutional investors.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 137.07 on Tuesday. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.32. The company has a market capitalization of $20.99 billion, a P/E ratio of 17.55 and a beta of 1.10. The company’s 50 day moving average is $142.40 and its 200-day moving average is $135.89.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is 29.74%.

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A number of brokerages have weighed in on SWK. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, June 22nd. MKM Partners began coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 target price for the company. FBR & Co reaffirmed an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. Imperial Capital boosted their target price on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 9th. Finally, UBS AG reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the completion of the transaction, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.15% of the stock is owned by company insiders.

About Stanley Black & Decker

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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