Stanley Black & Decker, Inc. (SWK) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.6% during the 3rd quarter, Holdings Channel reports. The firm owned 13,409 shares of the industrial products company’s stock after selling 946 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Stanley Black & Decker were worth $1,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SWK. JPMorgan Chase & Co. grew its position in Stanley Black & Decker by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after purchasing an additional 1,822,466 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 25.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock worth $634,418,000 after purchasing an additional 974,556 shares during the last quarter. Janus Henderson Group PLC grew its position in Stanley Black & Decker by 71.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock worth $241,581,000 after purchasing an additional 758,031 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in Stanley Black & Decker by 1,196.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock worth $4,241,000 after purchasing an additional 613,177 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Stanley Black & Decker by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 4,841,927 shares of the industrial products company’s stock worth $709,052,000 after purchasing an additional 548,025 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

In related news, SVP Jaime A. Ramirez sold 8,251 shares of the stock in a transaction on Monday, October 29th. The shares were 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 of the company’s stock, valued at $4,069,430.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael David Hankin purchased 907 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were purchased at an average cost of $112.93 per share, for a total transaction of $102,427.51. Following the completion of the acquisition, the director now directly owns 2,157 shares of the company’s stock, valued at approximately $243,590.01. The disclosure for this purchase can be found here. Corporate insiders own 0.69% of the company’s stock.

Several research firms have recently commented on SWK. Morgan Stanley began coverage on shares of Stanley Black & Decker in a report on Monday, August 20th. They issued an “overweight” rating and a $164.00 price objective on the stock. Gabelli raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Monday, October 22nd. Macquarie dropped their price objective on shares of Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, September 6th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Finally, ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, November 16th. 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $163.29.

Shares of NYSE SWK opened at $125.94 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $176.62. The firm has a market cap of $18.98 billion, a P/E ratio of 16.90, a PEG ratio of 1.65 and a beta of 1.32. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.59 billion. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 8.14 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.

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

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