Fiduciary Management Inc. WI trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,411,743 shares of the industrial products company’s stock after selling 230,523 shares during the period. Stanley Black & Decker comprises about 2.9% of Fiduciary Management Inc. WI’s portfolio, making the stock its 15th biggest position. Fiduciary Management Inc. WI owned 2.23% of Stanley Black & Decker worth $480,135,000 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. purchased a new stake in shares of Stanley Black & Decker during the first quarter worth approximately $108,000. Farmers & Merchants Investments Inc. increased its stake in shares of Stanley Black & Decker by 2.9% during 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 period. Independent Portfolio Consultants Inc. increased its stake in shares of Stanley Black & Decker by 87.8% during 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 period. Harbour Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker during the first quarter worth approximately $140,000. Finally, ClariVest Asset Management LLC purchased a new stake in shares of Stanley Black & Decker during the second quarter worth approximately $188,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.

SWK has been the topic of several recent analyst reports. UBS AG reiterated a “buy” rating and issued a $160.00 price target (up from $150.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities initiated coverage on shares of Stanley Black & Decker in a research note on Friday, June 16th. They issued a “buy” rating and a $160.00 price target on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 price target on the stock in a research note on Tuesday, May 23rd. Finally, MKM Partners initiated coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 price target on the stock. One equities 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 stock has an average rating of “Buy” and a consensus price target of $153.71.

In other news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares in the company, valued at approximately $7,277,856.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.

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Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.22% during trading on Friday, hitting $148.04. 1,232,025 shares of the stock were exchanged. Stanley Black & Decker, Inc. has a one year low of $111.89 and a one year high of $148.36. The stock has a market cap of $22.67 billion, a PE ratio of 18.96 and a beta of 1.10. The stock’s 50 day moving average price is $141.44 and its 200 day moving average price is $137.97.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the previous year, the business earned $1.84 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders 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 dividend yield of 1.70%. This is an increase 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 payout ratio is 32.31%.

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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