Carret Asset Management LLC held its stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,422 shares of the industrial products company’s stock at the close of the second quarter. Carret Asset Management LLC’s holdings in Stanley Black & Decker were worth $1,044,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Acrospire Investment Management LLC raised its position in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after buying an additional 400 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position 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 valued at $116,000 after buying an additional 23 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position 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 valued at $139,000 after buying an additional 461 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Stanley Black & Decker in the first quarter valued at approximately $140,000. Finally, Sun Life Financial INC raised its position in shares of Stanley Black & Decker by 10,027.3% in the second quarter. Sun Life Financial INC now owns 1,114 shares of the industrial products company’s stock valued at $157,000 after buying an additional 1,103 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

A number of research firms have recently weighed in on SWK. Seaport Global Securities began coverage on shares of Stanley Black & Decker in a research report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective for the company. Zacks Investment Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price objective for the company in a research report on Monday. Wolfe Research began coverage on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective for the company. Finally, FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and an average price target of $155.07.

In related news, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the transaction, the insider now directly owns 49,188 shares in the company, valued at approximately $7,277,856.48. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Stanley Black & Decker, Inc. (SWK) traded down 0.586% during midday trading on Friday, reaching $155.215. 410,764 shares of the company were exchanged. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $157.68. The stock has a market capitalization of $23.77 billion, a price-to-earnings ratio of 19.876 and a beta of 1.06. The firm’s 50-day moving average price is $146.01 and its 200 day moving average price is $140.26.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly 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. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. Equities analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 1st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.31%.

TRADEMARK VIOLATION WARNING: “Stanley Black & Decker, Inc. (SWK) Position Held by Carret Asset Management LLC” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/06/stanley-black-decker-inc-swk-position-held-by-carret-asset-management-llc.html.

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)

Receive News & Stock Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related stocks with our FREE daily email newsletter.