Stanley Black & Decker, Inc. (SWK) Position Increased by National Asset Management Inc.
National Asset Management Inc. increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 67.9% during the third quarter, HoldingsChannel.com reports. The fund owned 3,977 shares of the industrial products company’s stock after buying an additional 1,608 shares during the quarter. National Asset Management Inc.’s holdings in Stanley Black & Decker were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of SWK. Flagship Harbor Advisors LLC bought a new stake in Stanley Black & Decker during the second quarter worth $136,000. NEXT Financial Group Inc bought a new stake in Stanley Black & Decker during the third quarter worth $139,000. Paragon Capital Management Ltd bought a new stake in Stanley Black & Decker during the second quarter worth $204,000. Checchi Capital Advisers LLC bought a new stake in Stanley Black & Decker during the third quarter worth $207,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Stanley Black & Decker during the third quarter worth $212,000. Institutional investors and hedge funds own 86.43% of the company’s stock.
Shares of SWK opened at $130.19 on Monday. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.92. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $176.62.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, November 29th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.03%. Stanley Black & Decker’s payout ratio is 35.44%.
In related news, SVP Jaime A. Ramirez sold 8,251 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the sale, the senior vice president now directly owns 36,566 shares in the company, valued at approximately $4,069,430.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael David Hankin acquired 907 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were bought at an average price of $112.93 per share, for a total transaction of $102,427.51. Following the completion of the purchase, the director now owns 2,157 shares in the company, valued at approximately $243,590.01. The disclosure for this purchase can be found here. Insiders own 0.69% of the company’s stock.
A number of analysts recently commented on SWK shares. Barclays lifted their price target on Stanley Black & Decker from $164.00 to $166.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. JPMorgan Chase & Co. lifted their price target on Stanley Black & Decker from $172.00 to $176.00 and gave the stock a “$138.69” rating in a report on Monday, July 23rd. Morgan Stanley lowered their target price on Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating on the stock in a research note on Monday, July 23rd. UBS Group lowered their target price on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. Finally, Macquarie lowered their target price on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $163.29.
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Stanley Black & Decker Profile
Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.
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