Los Angeles Capital Management & Equity Research Inc. increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 34.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,447 shares of the industrial products company’s stock after acquiring an additional 38,963 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.10% of Stanley Black & Decker worth $21,595,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Stanley Black & Decker in the 1st quarter worth about $108,000. Farmers & Merchants Investments Inc. increased its holdings in shares of Stanley Black & Decker by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 23 shares during the period. Independent Portfolio Consultants Inc. increased its holdings in shares of Stanley Black & Decker by 87.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 461 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 1st quarter worth about $140,000. Finally, Assetmark Inc. increased its holdings in shares of Stanley Black & Decker by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 70 shares during the period. 83.74% of the stock is currently owned by institutional investors and hedge funds.

SWK has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, May 19th. BidaskClub cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Seaport Global Securities initiated coverage on shares of Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price objective (up previously from $148.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $153.71.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction that occurred 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 approximately $5,797,461.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 142.53 on Thursday. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.32. The firm has a market cap of $21.83 billion, a PE ratio of 18.25 and a beta of 1.10. The firm’s 50-day moving average is $140.84 and its 200 day moving average is $137.13.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.77%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is presently 32.31%.

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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.

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

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