Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Spearhead Capital Advisors LLC

Spearhead Capital Advisors LLC grew its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,862 shares of the industrial products company’s stock after acquiring an additional 1,779 shares during the quarter. Spearhead Capital Advisors LLC’s holdings in Stanley Black & Decker were worth $4,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group increased its position in Stanley Black & Decker by 4.3% during the 2nd quarter. Schroder Investment Management Group now owns 22,725 shares of the industrial products company’s stock worth $3,287,000 after purchasing an additional 940 shares in the last quarter. Westpac Banking Corp increased its position in Stanley Black & Decker by 40.6% during the 2nd quarter. Westpac Banking Corp now owns 15,143 shares of the industrial products company’s stock worth $2,190,000 after purchasing an additional 4,370 shares in the last quarter. Cibc World Markets Corp increased its position in Stanley Black & Decker by 1.6% during the 2nd quarter. Cibc World Markets Corp now owns 35,853 shares of the industrial products company’s stock worth $5,185,000 after purchasing an additional 576 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Stanley Black & Decker by 2.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 679,205 shares of the industrial products company’s stock worth $98,220,000 after purchasing an additional 18,035 shares in the last quarter. Finally, Brasada Capital Management LP increased its position in Stanley Black & Decker by 25.0% during the 2nd quarter. Brasada Capital Management LP now owns 2,500 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 500 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

A number of analysts recently issued reports on SWK shares. KeyCorp raised shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 target price for the company in a research report on Wednesday, September 18th. Gabelli downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Morgan Stanley lowered their price objective on shares of Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. ValuEngine downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, Buckingham Research lowered their price objective on shares of Stanley Black & Decker from $155.00 to $149.00 and set a “neutral” rating for the company in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average target price of $156.12.

Shares of Stanley Black & Decker stock traded up $0.91 on Monday, hitting $150.80. 767,326 shares of the company’s stock traded hands, compared to its average volume of 908,203. The stock has a market cap of $22.57 billion, a P/E ratio of 18.50, a PEG ratio of 2.00 and a beta of 1.40. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average is $141.13 and its 200 day moving average is $141.16. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $154.10.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.11. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.57 EPS. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 8.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 27th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 33.87%.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the transaction, the senior vice president now directly owns 45,706 shares in the company, valued at approximately $6,903,434.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.03% of the company’s stock.

Stanley Black & Decker 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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