Gulf International Bank UK Ltd Acquires 5,717 Shares of Stanley Black & Decker, Inc. (SWK)

Gulf International Bank UK Ltd boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 53,520 shares of the industrial products company’s stock after acquiring an additional 5,717 shares during the period. Gulf International Bank UK Ltd’s holdings in Stanley Black & Decker were worth $7,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SWK. Fulton Bank N.A. increased its position in Stanley Black & Decker by 9.1% during the third quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock valued at $737,000 after acquiring an additional 418 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its position in Stanley Black & Decker by 6.0% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,965 shares of the industrial products company’s stock valued at $1,166,000 after acquiring an additional 450 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Stanley Black & Decker by 22.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 464 shares during the last quarter. Aristotle Atlantic Partners LLC increased its position in Stanley Black & Decker by 30.3% during the second quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 481 shares during the last quarter. Finally, Bollard Group LLC increased its position in Stanley Black & Decker by 1.2% during the second quarter. Bollard Group LLC now owns 41,827 shares of the industrial products company’s stock valued at $5,555,000 after acquiring an additional 485 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.

In related news, SVP Jaime A. Ramirez sold 8,251 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $111.29, for a total value of $918,253.79. Following the completion of the sale, the senior vice president now directly owns 36,566 shares of the company’s stock, valued at $4,069,430.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael David Hankin acquired 907 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average cost of $112.93 per share, with a total value of $102,427.51. Following the completion of the purchase, the director now owns 2,157 shares of the company’s stock, valued at $243,590.01. The disclosure for this purchase can be found here. Corporate insiders own 0.69% of the company’s stock.

A number of research analysts have weighed in on SWK shares. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. Wells Fargo & Co cut their price objective on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 17th. Robert W. Baird reiterated a “neutral” rating on shares of Stanley Black & Decker in a research report on Friday, July 20th. ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Finally, Barclays upped their price target on shares of 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $163.29.

NYSE SWK opened at $128.43 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $18.99 billion, a PE ratio of 15.29, a P/E/G ratio of 1.65 and a beta of 1.32. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.04. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, November 30th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s payout ratio is presently 35.44%.

WARNING: “Gulf International Bank UK Ltd Acquires 5,717 Shares of Stanley Black & Decker, Inc. (SWK)” was first reported by WKRB News and is the sole property of of WKRB News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.wkrb13.com/2018/11/09/gulf-international-bank-uk-ltd-acquires-5717-shares-of-stanley-black-decker-inc-swk.html.

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.

Recommended Story: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply