Stanley Black & Decker, Inc. (SWK) Position Increased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,614 shares of the industrial products company’s stock after buying an additional 1 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Stanley Black & Decker were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $103,000. Tompkins Financial Corp raised its stake in Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the last quarter. Alexandria Capital LLC raised its stake in Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the last quarter. SRS Capital Advisors Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $124,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Stanley Black & Decker during the third quarter valued at approximately $132,000. 84.23% of the stock is owned by institutional investors.

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

Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.18% during mid-day trading on Friday, hitting $141.21. The company had a trading volume of 1,043,944 shares. The firm has a 50-day moving average of $137.79 and a 200-day moving average of $128.35. Stanley Black & Decker, Inc. has a 12 month low of $103.86 and a 12 month high of $142.06. The company has a market cap of $21.60 billion, a PE ratio of 18.03 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Friday, April 21st. The industrial products company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.10. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.76 billion. Stanley Black & Decker had a net margin of 10.13% and a return on equity of 15.47%. Stanley Black & Decker’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. On average, analysts expect that Stanley Black & Decker, Inc. will post $7.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, June 7th will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, June 5th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.64%. Stanley Black & Decker’s payout ratio is 29.67%.

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SWK has been the topic of several recent analyst reports. Barclays PLC upped their price objective on shares of Stanley Black & Decker from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, March 13th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Wednesday, March 29th. Nomura assumed coverage on shares of Stanley Black & Decker in a report on Wednesday, April 12th. They issued a “buy” rating and a $145.00 price target on the stock. KeyCorp upgraded shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price target on the stock in a report on Friday, April 21st. Finally, J P Morgan Chase & Co raised shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $140.00 to $152.00 in a research note on Monday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $150.13.

In other news, SVP Jeffrey D. Ansell sold 7,674 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $131.91, for a total transaction of $1,012,277.34. Following the sale, the senior vice president now owns 48,028 shares of the company’s stock, valued at approximately $6,335,373.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jaime A. Ramirez sold 10,440 shares of the firm’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 sale, the senior vice president now directly owns 41,541 shares in the company, valued at approximately $5,797,461.96. The disclosure for this sale can be found here. Insiders have sold a total of 29,588 shares of company stock worth $4,025,273 in the last ninety days. Corporate insiders own 1.15% of the company’s stock.

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.

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