Advisors Asset Management Inc. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 9.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,443 shares of the industrial products company’s stock after buying an additional 1,282 shares during the period. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $2,173,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SWK. Royce & Associates LP boosted its stake in Stanley Black & Decker by 32.6% in the first quarter. Royce & Associates LP now owns 29,300 shares of the industrial products company’s stock worth $3,893,000 after buying an additional 7,200 shares in the last quarter. HPM Partners LLC bought a new stake in Stanley Black & Decker during the first quarter worth approximately $212,000. Pax World Management LLC boosted its stake in Stanley Black & Decker by 3.2% in the first quarter. Pax World Management LLC now owns 162,132 shares of the industrial products company’s stock worth $21,542,000 after buying an additional 5,001 shares in the last quarter. Bank of America Corp DE boosted its stake in Stanley Black & Decker by 16.0% in the first quarter. Bank of America Corp DE now owns 789,437 shares of the industrial products company’s stock worth $104,892,000 after buying an additional 108,864 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in Stanley Black & Decker by 5.4% in the first quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock worth $183,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 137.14 on Thursday. The company’s 50 day moving average price is $142.17 and its 200 day moving average price is $136.01. The stock has a market capitalization of $21.00 billion, a PE ratio of 17.56 and a beta of 1.10. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the Zacks’ 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 business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is 29.74%.

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A number of equities research analysts have recently commented on SWK shares. BidaskClub cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Morgan Stanley reissued an “equal weight” rating and issued a $150.00 target price (up from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Instinet increased their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Finally, UBS AG reissued 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $154.00.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction dated 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 sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is currently owned by 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.

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

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