Hartford Financial Management Inc. held its position in Stanley Black & Decker, Inc. (NYSE:SWK) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,931 shares of the industrial products company’s stock at the end of the first quarter. Hartford Financial Management Inc.’s holdings in Stanley Black & Decker were worth $522,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in shares of Stanley Black & Decker during the third quarter valued at about $1,033,000. Boston Advisors LLC increased its stake in shares of Stanley Black & Decker by 1,401.1% in the third quarter. Boston Advisors LLC now owns 133,117 shares of the industrial products company’s stock valued at $16,371,000 after buying an additional 124,249 shares during the period. Commonwealth Equity Services Inc increased its stake in shares of Stanley Black & Decker by 3.1% in the third quarter. Commonwealth Equity Services Inc now owns 79,980 shares of the industrial products company’s stock valued at $9,836,000 after buying an additional 2,420 shares during the period. Exane Derivatives acquired a new stake in shares of Stanley Black & Decker during the third quarter valued at about $8,143,000. Finally, Bollard Group LLC increased its stake in shares of Stanley Black & Decker by 0.5% in the third quarter. Bollard Group LLC now owns 40,110 shares of the industrial products company’s stock valued at $4,933,000 after buying an additional 191 shares during the period. 85.51% of the stock is currently owned by hedge funds and other institutional investors.
Stanley Black & Decker, Inc. (NYSE:SWK) traded up 3.22% during mid-day trading on Friday, reaching $136.98. The company’s stock had a trading volume of 1,475,387 shares. The company has a market cap of $20.90 billion, a PE ratio of 21.04 and a beta of 1.15. Stanley Black & Decker, Inc. has a 12-month low of $103.86 and a 12-month high of $137.90. The firm’s 50 day moving average is $130.85 and its 200-day moving average is $123.17.
Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, April 21st. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $1.40. The company earned $2.81 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.46%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. Equities analysts anticipate that Stanley Black & Decker, Inc. will post $7.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 1.75%. Stanley Black & Decker’s dividend payout ratio (DPR) is 35.64%.
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Several analysts recently issued reports on the company. Nomura assumed coverage on Stanley Black & Decker in a research note on Wednesday, April 12th. They set a “buy” rating and a $145.00 target price on the stock. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Wednesday, March 29th. Barclays PLC lifted their target price on Stanley Black & Decker from $140.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, March 13th. Finally, Imperial Capital reissued an “in-line” rating and set a $125.00 target price on shares of Stanley Black & Decker in a research note on Friday, December 23rd. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $133.50.
In other Stanley Black & Decker news, SVP Jeffrey D. Ansell sold 7,674 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $131.91, for a total transaction of $1,012,277.34. Following the completion of the sale, the senior vice president now owns 48,028 shares of the company’s stock, valued at $6,335,373.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Lee B. Mcchesney sold 1,193 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $124.90, for a total value of $149,005.70. Following the sale, the chief financial officer now directly owns 26,876 shares of the company’s stock, valued at approximately $3,356,812.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,016 shares of company stock valued at $14,037,567. 1.80% of the stock is owned by insiders.
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.
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