Robecosam AG Reduces Holdings in Stanley Black & Decker, Inc. (SWK)

Robecosam AG decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,772 shares of the industrial products company’s stock after selling 1,572 shares during the period. Robecosam AG’s holdings in Stanley Black & Decker were worth $5,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. BB&T Investment Services Inc. acquired a new position in shares of Stanley Black & Decker in the second quarter worth $102,000. Acrospire Investment Management LLC grew its stake in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 400 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 23 shares in the last quarter. Independent Portfolio Consultants Inc. grew its stake in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 461 shares in the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Stanley Black & Decker in the first quarter worth $140,000. Institutional investors and hedge funds own 83.65% of the company’s stock.

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In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Several research firms have commented on SWK. KeyCorp boosted their price target on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley upgraded shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price target for the company in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a research note on Tuesday, September 26th. Robert W. Baird restated a “hold” rating and issued a $150.00 price target on shares of Stanley Black & Decker in a research note on Monday, August 28th. Finally, BidaskClub downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $156.86.

Shares of Stanley Black & Decker, Inc. (SWK) traded up 0.45% during trading on Friday, hitting $158.99. 151,364 shares of the company were exchanged. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $159.79. The company’s 50-day moving average price is $148.70 and its 200 day moving average price is $141.18. The stock has a market cap of $24.35 billion, a P/E ratio of 20.36 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $1.84 EPS. On average, equities analysts predict that Stanley Black & Decker, Inc. will post $7.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were issued a dividend of $0.63 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.31%.

Stanley Black & Decker 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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