United Services Automobile Association Buys 107,999 Shares of Stanley Black & Decker, Inc. (SWK)

United Services Automobile Association grew its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 36.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 407,149 shares of the industrial products company’s stock after buying an additional 107,999 shares during the quarter. United Services Automobile Association’s holdings in Stanley Black & Decker were worth $59,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC raised its stake in Stanley Black & Decker by 1,152.4% during the second quarter. Cornerstone Wealth Management LLC now owns 51,262 shares of the industrial products company’s stock worth $387,000 after buying an additional 47,169 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Stanley Black & Decker during the second quarter worth $240,000. Dupont Capital Management Corp raised its stake in Stanley Black & Decker by 100.9% during the second quarter. Dupont Capital Management Corp now owns 2,326 shares of the industrial products company’s stock worth $309,000 after buying an additional 1,168 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Stanley Black & Decker by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 57,970 shares of the industrial products company’s stock worth $7,699,000 after buying an additional 2,396 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Stanley Black & Decker by 5.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 474,179 shares of the industrial products company’s stock worth $62,976,000 after buying an additional 25,124 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Deutsche Bank assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, November 7th. They set a “hold” rating and a $136.00 target price for the company. Macquarie set a $140.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. Finally, Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $164.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $163.29.

In other news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares in the company, valued at $1,774,984.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael David Hankin acquired 907 shares of Stanley Black & Decker stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $112.93 per share, with a total value of $102,427.51. Following the completion of the acquisition, the director now directly owns 2,157 shares of the company’s stock, valued at $243,590.01. The disclosure for this purchase can be found here. 0.69% of the stock is owned by company insiders.

SWK opened at $127.85 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $106.41 and a 1-year high of $176.62. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $19.32 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 1.68 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.59 billion. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

ILLEGAL ACTIVITY WARNING: “United Services Automobile Association Buys 107,999 Shares of Stanley Black & Decker, Inc. (SWK)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2018/11/30/united-services-automobile-association-buys-107999-shares-of-stanley-black-decker-inc-swk.html.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Further Reading: Asset Allocation and Your Retirement

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit