Ossiam acquired a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 521 shares of the industrial products company’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds also recently modified their holdings of SWK. JPMorgan Chase & Co. grew its stake in shares of Stanley Black & Decker by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock valued at $1,550,513,000 after acquiring an additional 893,269 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Stanley Black & Decker by 2.2% in the second quarter. Wells Fargo & Company MN now owns 5,073,105 shares of the industrial products company’s stock valued at $733,622,000 after acquiring an additional 110,568 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Stanley Black & Decker by 65.9% in the first quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock valued at $311,287,000 after acquiring an additional 908,040 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Stanley Black & Decker by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after acquiring an additional 109,205 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Stanley Black & Decker by 0.7% in the second quarter. Northern Trust Corp now owns 1,725,388 shares of the industrial products company’s stock valued at $249,509,000 after acquiring an additional 12,506 shares in the last quarter. 85.59% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Friday, June 14th. Morgan Stanley upped their price target on shares of Stanley Black & Decker from $161.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Nomura upped their price target on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank decreased their price target on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $157.06.

Stanley Black & Decker stock traded up $0.73 during trading hours on Friday, reaching $147.85. 18,520 shares of the stock were exchanged, compared to its average volume of 922,364. The company has a market cap of $22.37 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.97 and a beta of 1.39. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $155.22. The stock has a 50 day moving average of $138.38 and a two-hundred day moving average of $139.39.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.11. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.81 billion. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.57 earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post 8.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.87%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio is presently 33.87%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the sale, the senior vice president now directly owns 45,706 shares in the company, valued at $6,903,434.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.03% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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