Capital Management Associates NY held its position in Stanley Black & Decker, Inc. (NYSE:SWK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the industrial products company’s stock at the end of the first quarter. Stanley Black & Decker makes up 1.2% of Capital Management Associates NY’s investment portfolio, making the stock its 15th largest position. Capital Management Associates NY’s holdings in Stanley Black & Decker were worth $797,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Stanley Black & Decker during the third quarter worth $2,300,000. Norges Bank purchased a new position in Stanley Black & Decker during the fourth quarter worth $190,743,000. UBS Asset Management Americas Inc. raised its position in Stanley Black & Decker by 1.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 436,012 shares of the industrial products company’s stock worth $50,005,000 after buying an additional 6,206 shares during the last quarter. Commonwealth Bank of Australia raised its position in Stanley Black & Decker by 0.7% in the third quarter. Commonwealth Bank of Australia now owns 14,882 shares of the industrial products company’s stock worth $1,830,000 after buying an additional 100 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its position in Stanley Black & Decker by 8.7% in the first quarter. Atalanta Sosnoff Capital LLC now owns 232,405 shares of the industrial products company’s stock worth $30,879,000 after buying an additional 18,519 shares during the last quarter. Institutional investors and hedge funds own 84.23% of the company’s stock.
Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.18% during midday trading on Friday, reaching $141.21. 1,043,944 shares of the company were exchanged. The firm’s 50 day moving average price is $137.79 and its 200-day moving average price is $128.35. Stanley Black & Decker, Inc. has a 52 week low of $103.86 and a 52 week high of $142.06. The stock has a market capitalization of $21.60 billion, a P/E ratio of 18.03 and a beta of 1.06.
Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, April 21st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.10. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post $7.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, June 7th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $2.32 annualized dividend and a dividend yield of 1.64%. Stanley Black & Decker’s dividend payout ratio is presently 29.67%.
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SWK has been the subject of a number of recent analyst reports. Barclays PLC upped their price target on shares of Stanley Black & Decker from $140.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, March 13th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Imperial Capital reissued an “in-line” rating and issued a $125.00 target price on shares of Stanley Black & Decker in a report on Monday, April 24th. Nomura began coverage on shares of Stanley Black & Decker in a report on Wednesday, April 12th. They issued a “buy” rating and a $145.00 target price on the stock. Finally, J P Morgan Chase & Co raised shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $140.00 to $152.00 in a report on Monday, April 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $150.13.
In other news, SVP Jeffrey D. Ansell sold 7,674 shares of Stanley Black & Decker 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 transaction, the senior vice president now owns 48,028 shares in the company, valued at approximately $6,335,373.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction on Friday, June 9th. The stock was sold at an average price of $139.56, for a total value of $1,457,006.40. Following the transaction, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,588 shares of company stock worth $4,025,273. Insiders own 1.15% of the company’s stock.
Stanley Black & Decker Company 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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