Polaris Greystone Financial Group LLC Buys New Stake in Stanley Black & Decker, Inc. (SWK)

Polaris Greystone Financial Group LLC bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 132,070 shares of the industrial products company’s stock, valued at approximately $19,939,000. Stanley Black & Decker comprises 1.8% of Polaris Greystone Financial Group LLC’s portfolio, making the stock its 23rd largest holding. Polaris Greystone Financial Group LLC owned about 0.09% of Stanley Black & Decker at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SWK. Independent Portfolio Consultants Inc. raised its position in Stanley Black & Decker by 87.8% during 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 during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Stanley Black & Decker by 26.7% in the second quarter. Xact Kapitalforvaltning AB now owns 38,150 shares of the industrial products company’s stock valued at $5,369,000 after buying an additional 8,039 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of Stanley Black & Decker by 268.8% in the second quarter. Fox Run Management L.L.C. now owns 5,900 shares of the industrial products company’s stock valued at $830,000 after buying an additional 4,300 shares during the last quarter. BKD Wealth Advisors LLC raised its position in shares of Stanley Black & Decker by 0.9% in the second quarter. BKD Wealth Advisors LLC now owns 2,930 shares of the industrial products company’s stock valued at $412,000 after buying an additional 26 shares during the last quarter. Finally, Charter Trust Co. raised its position in shares of Stanley Black & Decker by 6.5% in the second quarter. Charter Trust Co. now owns 1,741 shares of the industrial products company’s stock valued at $245,000 after buying an additional 106 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

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A number of research firms have recently weighed in on SWK. Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Nomura set a $180.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co boosted their price objective on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. KeyCorp boosted their price objective on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the company a “hold” rating in a research report on Friday, October 13th. Finally, FBR & Co boosted their price objective on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and a consensus price target of $167.29.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded up $0.72 during mid-day trading on Monday, hitting $163.85. 52,223 shares of the stock traded hands, compared to its average volume of 941,643. The firm has a market capitalization of $25,016.26, a PE ratio of 23.44, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a quick ratio of 0.69, a current ratio of 1.26 and a debt-to-equity ratio of 0.53.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.08. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a yield of 1.54%. Stanley Black & Decker’s dividend payout ratio is presently 31.82%.

In related news, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the 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 sale, the senior vice president now directly owns 25,810 shares in the company, valued at $3,875,371.50. The disclosure for this sale can be found here. Insiders sold 103,322 shares of company stock worth $16,527,453 over the last ninety days. 1.15% of the stock is currently owned by corporate insiders.

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.

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

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