Commerce Bank grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,795 shares of the industrial products company’s stock after buying an additional 225 shares during the quarter. Commerce Bank’s holdings in Stanley Black & Decker were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SWK. BlackRock Inc. lifted its position in Stanley Black & Decker by 1,670.7% during the 1st quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in Stanley Black & Decker by 4,009.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock worth $46,089,000 after buying an additional 319,528 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Stanley Black & Decker during the 2nd quarter worth about $34,675,000. State Street Corp lifted its position in Stanley Black & Decker by 3.2% during the 1st quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Stanley Black & Decker by 15.5% during the 1st quarter. Geode Capital Management LLC now owns 1,661,823 shares of the industrial products company’s stock worth $220,525,000 after buying an additional 223,099 shares in the last quarter. 83.74% of the stock is currently owned by hedge funds and other institutional investors.

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In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

Several equities research analysts have commented on SWK shares. BidaskClub cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and set a $150.00 price objective (up from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a research note on Monday, August 28th. Finally, Instinet boosted their price objective on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. One research 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. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus target price of $153.71.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 147.50 on Wednesday. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of 18.89 and a beta of 1.10. The company has a 50-day moving average of $140.78 and a 200-day moving average of $137.54. 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 released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the firm earned $1.84 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. Equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal 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 given a $0.63 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.71%. Stanley Black & Decker’s payout ratio is currently 32.31%.

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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