Stanley Black & Decker, Inc. (NYSE:SWK) Stock Holdings Boosted by Bank of America Corp DE

Bank of America Corp DE raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 4.9% in the first quarter, HoldingsChannel.com reports. The firm owned 2,106,180 shares of the industrial products company’s stock after buying an additional 98,674 shares during the period. Bank of America Corp DE’s holdings in Stanley Black & Decker were worth $294,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $26,000. Okabena Investment Services Inc. bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth $28,000. Bank of New Hampshire bought a new stake in shares of Stanley Black & Decker during the 1st quarter worth $29,000. Compagnie Lombard Odier SCmA lifted its holdings in shares of Stanley Black & Decker by 95.8% in the first quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at $36,000. 87.33% of the stock is owned by institutional investors.

Insider Activity

In other Stanley Black & Decker news, Director Andrea J. Ayers purchased 15,500 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the transaction, the director now owns 15,500 shares in the company, valued at approximately $1,483,195. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Janet Link sold 1,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $90.96, for a total transaction of $90,960.00. Following the sale, the senior vice president now directly owns 28,260 shares of the company’s stock, valued at $2,570,529.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea J. Ayers bought 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average cost of $95.69 per share, for a total transaction of $1,483,195.00. Following the completion of the transaction, the director now owns 15,500 shares of the company’s stock, valued at $1,483,195. The disclosure for this purchase can be found here. 0.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SWK has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. Deutsche Bank Aktiengesellschaft lowered Stanley Black & Decker from a “buy” rating to a “hold” rating and reduced their target price for the company from $126.00 to $111.00 in a report on Tuesday, August 16th. Vertical Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $110.00 in a report on Friday, July 29th. Wells Fargo & Company lowered Stanley Black & Decker to an “equal weight” rating in a report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $139.00 to $115.00 in a report on Friday, July 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $115.33.

Stanley Black & Decker Price Performance

NYSE SWK opened at $86.46 on Tuesday. Stanley Black & Decker, Inc. has a fifty-two week low of $83.89 and a fifty-two week high of $199.20. The stock’s 50-day moving average is $97.78 and its two-hundred day moving average is $117.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.28. The firm has a market cap of $12.78 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

Stanley Black & Decker (NYSE:SWKGet Rating) last posted its earnings results on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.35). The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.74 billion. Stanley Black & Decker had a net margin of 5.86% and a return on equity of 14.65%. Stanley Black & Decker’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the business earned $3.08 earnings per share. On average, analysts anticipate that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Tuesday, September 6th will be given a $0.80 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, September 2nd. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 51.78%.

About Stanley Black & Decker

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

See Also

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

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