Alexandria Capital LLC Has $116,000 Position in Stanley Black & Decker, Inc. (SWK)

Alexandria Capital LLC maintained its position in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 826 shares of the industrial products company’s stock at the end of the second quarter. Alexandria Capital LLC’s holdings in Stanley Black & Decker were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SWK. BlackRock Inc. increased its position in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares during the last quarter. State Street Corp increased its position in Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares during the last quarter. Boston Partners increased its position in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after buying an additional 15,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock worth $291,398,000 after buying an additional 41,688 shares in the last quarter. Institutional investors and hedge funds own 83.40% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 137.50 on Friday. The firm has a market capitalization of $21.06 billion, a PE ratio of 17.61 and a beta of 1.10. The stock has a 50 day moving average price of $142.51 and a 200 day moving average price of $135.60. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts predict that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 29.74%.

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A number of research analysts recently issued reports on SWK shares. BidaskClub downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and set a $150.00 price target (up previously from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $152.00 in a research note on Monday, April 24th. Finally, Instinet raised their price target on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was 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 directly owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.15% of the company’s stock.

Stanley Black & Decker Company Profile

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.

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

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