Stanley Black & Decker, Inc. (SWK) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 62.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,594 shares of the industrial products company’s stock after selling 199,050 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Stanley Black & Decker worth $17,220,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Westpac Banking Corp grew its stake in Stanley Black & Decker by 34.9% in the 3rd quarter. Westpac Banking Corp now owns 14,536 shares of the industrial products company’s stock valued at $2,129,000 after buying an additional 3,763 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in Stanley Black & Decker by 12.9% in the 3rd quarter. Freestone Capital Holdings LLC now owns 4,365 shares of the industrial products company’s stock valued at $639,000 after buying an additional 500 shares during the last quarter. Schroder Investment Management Group grew its stake in Stanley Black & Decker by 4.3% in the 3rd quarter. Schroder Investment Management Group now owns 38,211 shares of the industrial products company’s stock valued at $5,596,000 after buying an additional 1,585 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in Stanley Black & Decker by 22.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,370 shares of the industrial products company’s stock valued at $4,919,000 after buying an additional 6,194 shares during the last quarter. Finally, CIBC World Markets Inc. grew its stake in Stanley Black & Decker by 86.3% in the 3rd quarter. CIBC World Markets Inc. now owns 12,391 shares of the industrial products company’s stock valued at $1,815,000 after buying an additional 5,739 shares during the last quarter. 86.43% of the stock is currently owned by institutional investors.

In other news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jaime A. Ramirez sold 8,251 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the sale, the senior vice president now directly owns 36,566 shares of the company’s stock, valued at approximately $4,069,430.14. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

Shares of Stanley Black & Decker stock opened at $130.85 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 company has a market cap of $19.25 billion, a PE ratio of 17.56, a PEG ratio of 1.67 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.59 billion. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

The company also recently declared 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 2.02%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.

SWK has been the topic of a number of analyst reports. Robert W. Baird set a $154.00 target price on shares of Stanley Black & Decker and gave the stock a “hold” rating in a research report on Tuesday, October 16th. ValuEngine lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Credit Suisse Group initiated coverage on shares of Stanley Black & Decker in a research report on Monday, September 17th. They set an “outperform” rating and a $170.00 target price on the stock. Macquarie set a $140.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $163.29.

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Stanley Black & Decker 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.

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

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