Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by World Asset Management Inc

World Asset Management Inc lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,162 shares of the industrial products company’s stock after acquiring an additional 122 shares during the quarter. World Asset Management Inc’s holdings in Stanley Black & Decker were worth $1,614,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SWK. Truvestments Capital LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter worth $27,000. Destination Wealth Management increased its stake in shares of Stanley Black & Decker by 319.1% in the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Rational Advisors LLC increased its stake in shares of Stanley Black & Decker by 4,116.7% in the first quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 247 shares during the period. Winslow Evans & Crocker Inc. increased its stake in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 206 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Stanley Black & Decker by 134.5% in the second quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.

SWK traded down $2.49 during midday trading on Wednesday, hitting $148.92. 536,074 shares of the company traded hands, compared to its average volume of 1,117,351. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The stock has a market cap of $23.13 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.98 and a beta of 1.36. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $155.22. The stock’s 50 day moving average price is $145.36.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $2.57 earnings per share. Equities analysts expect that Stanley Black & Decker, Inc. will post 8.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.39%.

Several analysts recently commented on the stock. Buckingham Research raised their price target on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Bank of America assumed coverage on shares of Stanley Black & Decker in a research report on Friday, June 21st. They set an “underperform” rating and a $140.00 price target on the stock. Barclays raised their price target on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. raised their price target on shares of Stanley Black & Decker from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Finally, Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $157.06.

In other news, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total value of $136,940.00. Following the transaction, the senior vice president now directly owns 38,356 shares of the company’s stock, valued at $5,252,470.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $151.66, for a total transaction of $937,107.14. Following the completion of the transaction, the insider now directly owns 14,116 shares in the company, valued at $2,140,832.56. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Stanley Black & Decker Company Profile

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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