LaFleur & Godfrey LLC Boosts Position in Stanley Black & Decker, Inc. (SWK)

LaFleur & Godfrey LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,809 shares of the industrial products company’s stock after buying an additional 1 shares during the period. LaFleur & Godfrey LLC’s holdings in Stanley Black & Decker were worth $3,351,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after buying an additional 9,857,885 shares in the last quarter. Boston Partners raised its stake in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after buying an additional 319,528 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Stanley Black & Decker during the second quarter valued at $34,675,000. Finally, State Street Corp raised its stake in Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares in the last quarter. Institutional investors own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 139.15 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32. The company has a market capitalization of $21.31 billion, a P/E ratio of 17.82 and a beta of 1.10. The firm has a 50-day moving average price of $142.81 and a 200 day moving average price of $135.07.

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, topping the Zacks’ consensus estimate of $1.96 by $0.05. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be given a $0.63 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 29.74%.

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SWK has been the topic of several research reports. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Thursday, June 22nd. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $152.00 in a research report on Monday, April 24th. Barclays PLC lifted their price target on Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. Imperial Capital lifted their price target on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research report on Tuesday, May 9th. Finally, MKM Partners initiated coverage on Stanley Black & Decker in a research report on Friday, July 7th. They set a “buy” rating and a $166.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $154.00.

In other news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s 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 completion of the sale, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.15% of the stock is owned by company 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.

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

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