Stack Financial Management Inc reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 136,581 shares of the industrial products company’s stock after selling 3,125 shares during the quarter. Stanley Black & Decker makes up approximately 2.2% of Stack Financial Management Inc’s investment portfolio, making the stock its 17th biggest position. Stack Financial Management Inc owned approximately 0.09% of Stanley Black & Decker worth $20,001,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. NEXT Financial Group Inc bought a new stake in Stanley Black & Decker during the third quarter valued at about $139,000. Flagship Harbor Advisors LLC bought a new stake in shares of Stanley Black & Decker in the second quarter worth about $136,000. Checchi Capital Advisers LLC bought a new stake in shares of Stanley Black & Decker in the third quarter worth about $207,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Stanley Black & Decker in the third quarter worth about $212,000. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of Stanley Black & Decker in the third quarter worth about $213,000. 84.86% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on SWK shares. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Wells Fargo & Co reduced their target price on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th. Robert W. Baird reaffirmed a “neutral” rating on shares of Stanley Black & Decker in a report on Friday, July 20th. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Finally, Barclays lifted their target price 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and a consensus target price of $165.00.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.59 billion. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.64 annualized dividend and a dividend yield of 2.10%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.
In related news, Director Michael David Hankin purchased 907 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $112.93 per share, for a total transaction of $102,427.51. Following the transaction, the director now directly owns 2,157 shares in the company, valued at $243,590.01. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jocelyn Belisle sold 1,185 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the sale, the vice president now owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The disclosure for this sale can be found here. 0.69% of the stock is owned by corporate insiders.
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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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