Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Ignite Planners LLC

Ignite Planners LLC cut its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 18.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,434 shares of the industrial products company’s stock after selling 1,202 shares during the quarter. Ignite Planners LLC’s holdings in Stanley Black & Decker were worth $608,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SWK. MML Investors Services LLC raised its holdings in shares of Stanley Black & Decker by 0.6% in the fourth quarter. MML Investors Services LLC now owns 11,229 shares of the industrial products company’s stock worth $2,118,000 after acquiring an additional 62 shares during the last quarter. Commerce Bank raised its holdings in shares of Stanley Black & Decker by 0.6% in the fourth quarter. Commerce Bank now owns 10,751 shares of the industrial products company’s stock worth $2,028,000 after acquiring an additional 69 shares during the last quarter. Samalin Investment Counsel LLC raised its holdings in shares of Stanley Black & Decker by 8.1% in the fourth quarter. Samalin Investment Counsel LLC now owns 937 shares of the industrial products company’s stock worth $177,000 after acquiring an additional 70 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of Stanley Black & Decker by 1.2% in the fourth quarter. Crestwood Advisors Group LLC now owns 6,493 shares of the industrial products company’s stock worth $1,225,000 after acquiring an additional 75 shares during the last quarter. Finally, Cadence Bank NA raised its holdings in shares of Stanley Black & Decker by 1.2% in the first quarter. Cadence Bank NA now owns 6,712 shares of the industrial products company’s stock worth $938,000 after acquiring an additional 82 shares during the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Down 3.9 %

Shares of NYSE:SWK traded down $3.11 during midday trading on Friday, hitting $77.66. 45,504 shares of the stock were exchanged, compared to its average volume of 1,444,370. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.28 and a current ratio of 0.85. The company has a market capitalization of $11.48 billion, a PE ratio of 13.07, a P/E/G ratio of 1.68 and a beta of 1.28. Stanley Black & Decker, Inc. has a 52-week low of $80.63 and a 52-week high of $199.20. The business’s fifty day simple moving average is $95.88 and its two-hundred day simple moving average is $115.59.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its earnings results on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.35). Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the business earned $3.08 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.80 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date was Friday, September 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 4.12%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 51.78%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of analyst reports. Wells Fargo & Company cut Stanley Black & Decker to an “equal weight” rating in a report on Tuesday, August 9th. Robert W. Baird lowered their price objective on Stanley Black & Decker from $130.00 to $116.00 in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating and lowered their price objective for the company from $126.00 to $111.00 in a research report on Tuesday, August 16th. Barclays lowered their price target on Stanley Black & Decker from $149.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, Mizuho decreased their target price on Stanley Black & Decker from $145.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.33.

Insiders Place Their Bets

In other news, Director Andrea J. Ayers bought 15,500 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of $95.69 per share, for a total transaction of $1,483,195.00. Following the completion of the purchase, the director now owns 15,500 shares of the company’s stock, valued at approximately $1,483,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Janet Link sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $90.96, for a total value of $90,960.00. Following the completion of the sale, the senior vice president now owns 28,260 shares of the company’s stock, valued at $2,570,529.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrea J. Ayers purchased 15,500 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the acquisition, the director now owns 15,500 shares of the company’s stock, valued at $1,483,195. The disclosure for this purchase can be found here. Corporate insiders own 0.93% of the company’s stock.

Stanley Black & Decker Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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