Wellington Shields Capital Management LLC increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,681 shares of the industrial products company’s stock after buying an additional 1 shares during the period. Wellington Shields Capital Management LLC’s holdings in Stanley Black & Decker were worth $3,473,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of SWK. Manning & Napier Advisors LLC raised its position in shares of Stanley Black & Decker by 7.3% in the first quarter. Manning & Napier Advisors LLC now owns 27,158 shares of the industrial products company’s stock worth $3,607,000 after buying an additional 1,845 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Stanley Black & Decker by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 132,737 shares of the industrial products company’s stock worth $17,637,000 after buying an additional 5,674 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its position in shares of 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 in the last quarter. Pensionfund DSM Netherlands bought a new position in shares of Stanley Black & Decker during the first quarter worth $3,375,000. Finally, Pensionfund Sabic bought a new position in shares of Stanley Black & Decker during the first quarter worth $1,701,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.
Shares of Stanley Black & Decker, Inc. (SWK) opened at 140.28 on Thursday. The stock has a market cap of $21.46 billion, a P/E ratio of 17.91 and a beta of 1.10. The stock has a 50 day moving average of $142.85 and a 200 day moving average of $133.41. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32.
Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a return on equity of 14.93% and a net margin of 9.92%. The company’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post $7.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s dividend payout ratio is 29.74%.
A number of brokerages recently weighed in on SWK. FBR & Co restated an “outperform” rating on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Wolfe Research began coverage on shares of Stanley Black & Decker in a research report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 target price for the company. BidaskClub lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, MKM Partners assumed coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $153.69.
In other news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by corporate insiders.
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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