Stanley Black & Decker, Inc. (SWK) Stake Held by Perkins Coie Trust Co

Perkins Coie Trust Co maintained its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The institutional investor owned 993 shares of the industrial products company’s stock at the end of the second quarter. Perkins Coie Trust Co’s holdings in Stanley Black & Decker were worth $140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Savant Capital LLC boosted its position in shares of Stanley Black & Decker by 0.5% in the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock valued at $258,000 after buying an additional 10 shares in the last quarter. Huntington National Bank boosted its position in shares of Stanley Black & Decker by 0.3% in the first quarter. Huntington National Bank now owns 6,529 shares of the industrial products company’s stock valued at $868,000 after buying an additional 17 shares in the last quarter. Murphy Capital Management Inc. boosted its position in shares of Stanley Black & Decker by 0.7% in the first quarter. Murphy Capital Management Inc. now owns 3,425 shares of the industrial products company’s stock valued at $455,000 after buying an additional 25 shares in the last quarter. Cutter & CO Brokerage Inc. boosted its position in shares of Stanley Black & Decker by 1.1% in the first quarter. Cutter & CO Brokerage Inc. now owns 2,295 shares of the industrial products company’s stock valued at $305,000 after buying an additional 25 shares in the last quarter. Finally, Regentatlantic Capital LLC boosted its position in shares of Stanley Black & Decker by 0.9% in the first quarter. Regentatlantic Capital LLC now owns 2,936 shares of the industrial products company’s stock valued at $390,000 after buying an additional 26 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

Stanley Black & Decker, Inc. (SWK) traded up 0.67% during mid-day trading on Monday, hitting $145.88. 892,639 shares of the company traded hands. The firm has a 50 day moving average of $138.88 and a 200 day moving average of $129.82. Stanley Black & Decker, Inc. has a one year low of $111.89 and a one year high of $146.51. The firm has a market capitalization of $22.32 billion, a P/E ratio of 18.63 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Friday, April 21st. The industrial products company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.10. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company earned $1.28 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Stanley Black & Decker, Inc. will post $7.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th were paid a $0.58 dividend. The ex-dividend date was Monday, June 5th. This represents a $2.32 dividend on an annualized basis and a yield of 1.59%. Stanley Black & Decker’s dividend payout ratio is presently 29.67%.

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Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Thursday, June 22nd. MKM Partners assumed coverage on shares of Stanley Black & Decker in a report on Friday. They set a “buy” rating and a $166.00 target price on the stock. Imperial Capital raised their target price on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the stock an “in-line” rating in a report on Tuesday, May 9th. Barclays PLC raised their target price on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Finally, Instinet raised their target price on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $152.40.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the completion of the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jeffrey D. Ansell sold 11,474 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $135.61, for a total transaction of $1,555,989.14. Following the completion of the transaction, the executive vice president now directly owns 61,504 shares of the company’s stock, valued at approximately $8,340,557.44. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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