Tredje AP fonden Has $3.76 Million Position in Stanley Black & Decker, Inc. (SWK)

Tredje AP fonden decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,879 shares of the industrial products company’s stock after selling 918 shares during the period. Tredje AP fonden’s holdings in Stanley Black & Decker were worth $3,756,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SWK. Fred Alger Management Inc. boosted its stake in Stanley Black & Decker by 275.0% in the 2nd quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock worth $98,783,000 after purchasing an additional 514,773 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Stanley Black & Decker by 45.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after purchasing an additional 335,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in Stanley Black & Decker by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after purchasing an additional 287,124 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Stanley Black & Decker in the 2nd quarter worth about $34,675,000. Finally, Vaughan David Investments Inc. IL boosted its stake in Stanley Black & Decker by 9,320.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 219,867 shares of the industrial products company’s stock worth $19,931,000 after purchasing an additional 217,533 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.

A number of equities analysts have weighed in on SWK shares. B. Riley reissued a “buy” rating on shares of Stanley Black & Decker in a research report on Wednesday, November 1st. 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. FBR & Co boosted their target price on Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and issued a $150.00 target price on shares of Stanley Black & Decker in a research report on Friday, October 20th. Finally, KeyCorp boosted their target price on Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $167.29.

In other news, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the completion of the sale, the senior vice president now owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The disclosure for this sale can be found here. Insiders have sold a total of 140,257 shares of company stock valued at $22,563,420 in the last ninety days. Insiders own 1.15% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE:SWK) traded down $0.90 during midday trading on Monday, hitting $168.73. 879,400 shares of the stock traded hands, compared to its average volume of 958,861. Stanley Black & Decker, Inc. has a 12-month low of $114.27 and a 12-month high of $170.33. The stock has a market cap of $25,875.03, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.19 and a beta of 1.03. 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 released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. analysts forecast that Stanley Black & Decker, Inc. will post 7.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s payout ratio is currently 31.82%.

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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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