Stanley Black & Decker, Inc. (SWK) Holdings Boosted by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,793 shares of the industrial products company’s stock after purchasing an additional 1,394 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Stanley Black & Decker were worth $3,592,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Mutual of America Capital Management LLC boosted its stake in Stanley Black & Decker by 2.9% in the third quarter. Mutual of America Capital Management LLC now owns 32,314 shares of the industrial products company’s stock worth $4,878,000 after purchasing an additional 915 shares in the last quarter. Swiss National Bank boosted its stake in Stanley Black & Decker by 4.4% in the second quarter. Swiss National Bank now owns 557,464 shares of the industrial products company’s stock worth $78,452,000 after purchasing an additional 23,400 shares in the last quarter. Utah Retirement Systems boosted its stake in Stanley Black & Decker by 2.2% in the second quarter. Utah Retirement Systems now owns 28,002 shares of the industrial products company’s stock worth $3,940,000 after purchasing an additional 600 shares in the last quarter. Jackson Wealth Management LLC acquired a new position in Stanley Black & Decker in the second quarter worth $1,465,000. Finally, Honeywell International Inc. boosted its stake in Stanley Black & Decker by 86.1% in the third quarter. Honeywell International Inc. now owns 186,100 shares of the industrial products company’s stock worth $28,096,000 after purchasing an additional 86,100 shares in the last quarter. 83.60% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Robert W. Baird boosted their price objective on Stanley Black & Decker from $162.00 to $172.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Nomura set a $180.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co boosted their target price on Stanley Black & Decker from $152.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $167.29.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $1.68 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.56%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 31.82%.

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In other news, CEO James M. Loree sold 70,531 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $161.80, for a total value of $11,411,915.80. Following the transaction, the chief executive officer now owns 175,449 shares in the company, valued at approximately $28,387,648.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey D. Ansell sold 11,221 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $163.86, for a total value of $1,838,673.06. Following the completion of the transaction, the executive vice president now owns 65,030 shares in the company, valued at approximately $10,655,815.80. The disclosure for this sale can be found here. Insiders have sold a total of 103,322 shares of company stock valued at $16,527,453 in the last quarter. Company insiders own 1.15% of the company’s stock.

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.

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

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