Jennison Associates LLC cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,614 shares of the industrial products company’s stock after selling 5,373 shares during the period. Jennison Associates LLC’s holdings in Stanley Black & Decker were worth $1,775,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new stake in Stanley Black & Decker during the first quarter worth about $108,000. Farmers & Merchants Investments Inc. raised its stake 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 during the last quarter. Coconut Grove Bank raised its stake in shares of 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 during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of 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 during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth $140,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 139.01 on Wednesday. The stock has a market capitalization of $21.29 billion, a P/E ratio of 17.80 and a beta of 1.10. The firm’s 50-day moving average is $141.91 and its 200 day moving average is $136.13. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.32.

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 the Zacks’ consensus estimate of $1.96 by $0.05. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 29.74%.

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A number of brokerages have recently weighed in on SWK. Morgan Stanley raised their price objective on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Robert W. Baird restated a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday. Finally, Instinet raised their price objective on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a 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 issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $153.71.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.15% of the stock is currently 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.

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

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