Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,211 shares of the industrial products company’s stock after selling 2,291 shares during the quarter. Welch & Forbes LLC owned 0.13% of Stanley Black & Decker worth $27,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Doyle Wealth Management acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $36,000. Flagship Harbor Advisors LLC lifted its holdings in shares of Stanley Black & Decker by 134.5% during the second quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 156 shares during the period. Carroll Financial Associates Inc. lifted its holdings in shares of Stanley Black & Decker by 166.3% during the third quarter. Carroll Financial Associates Inc. now owns 277 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 173 shares during the period. Finally, NEXT Financial Group Inc lifted its holdings in shares of Stanley Black & Decker by 53.7% during the second quarter. NEXT Financial Group Inc now owns 289 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 101 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on the company. KeyCorp raised Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price target for the company in a report on Wednesday, September 18th. Buckingham Research reduced their target price on Stanley Black & Decker from $155.00 to $149.00 and set a “neutral” rating for the company in a report on Tuesday. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Friday, June 14th. Wells Fargo & Co reduced their target price on Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Morgan Stanley reduced their target price on Stanley Black & Decker from $165.00 to $161.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $155.88.

Stanley Black & Decker stock traded up $7.25 during midday trading on Friday, reaching $147.68. The company’s stock had a trading volume of 44,763 shares, compared to its average volume of 912,998. Stanley Black & Decker, Inc. has a fifty-two week low of $106.41 and a fifty-two week high of $154.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. The stock’s 50 day simple moving average is $138.77 and its 200 day simple moving average is $140.56. The firm has a market capitalization of $20.50 billion, a PE ratio of 18.12, a P/E/G ratio of 1.82 and a beta of 1.40.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.11. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.57 EPS. Equities analysts predict that Stanley Black & Decker, Inc. will post 8.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Friday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. Stanley Black & Decker’s payout ratio is 33.87%.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction on Monday, July 29th. The stock was sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the transaction, the senior vice president now owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.03% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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