State Street Corp lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,499,218 shares of the industrial products company’s stock after selling 329,550 shares during the period. State Street Corp owned 4.90% of Stanley Black & Decker worth $1,055,362,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Swiss National Bank lifted its holdings in Stanley Black & Decker by 4.4% in the 2nd quarter. Swiss National Bank now owns 557,464 shares of the industrial products company’s stock valued at $78,452,000 after purchasing an additional 23,400 shares in the last quarter. Utah Retirement Systems lifted its holdings in Stanley Black & Decker by 2.2% in the 2nd quarter. Utah Retirement Systems now owns 28,002 shares of the industrial products company’s stock valued at $3,940,000 after purchasing an additional 600 shares in the last quarter. Royce & Associates LP lifted its holdings in Stanley Black & Decker by 32.6% in the 1st quarter. Royce & Associates LP now owns 29,300 shares of the industrial products company’s stock valued at $3,893,000 after purchasing an additional 7,200 shares in the last quarter. Jackson Wealth Management LLC purchased a new position in Stanley Black & Decker in the 2nd quarter valued at $1,465,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stanley Black & Decker by 65.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,136 shares of the industrial products company’s stock valued at $7,759,000 after purchasing an additional 21,746 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded down 0.41% during mid-day trading on Friday, hitting $155.49. The company’s stock had a trading volume of 1,039,740 shares. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $157.68. The company has a market cap of $23.81 billion, a PE ratio of 19.91 and a beta of 1.06. The stock has a 50-day moving average of $146.50 and a 200-day moving average of $140.43.

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 Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business earned $1.84 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st were given a $0.63 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is currently 32.31%.

A number of research analysts have weighed in on the company. Seaport Global Securities assumed coverage on Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price objective on the stock in a report on Monday, October 2nd. Wolfe Research assumed coverage on Stanley Black & Decker in a report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective on the stock. Finally, FBR & Co restated an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $155.07.

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In related news, insider John H. Wyatt sold 6,956 shares of the stock in a transaction dated Friday, September 8th. The stock was 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 $7,277,856.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joseph R. Voelker sold 10,432 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the transaction, the senior vice president now owns 25,810 shares in the company, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate 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.

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

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