Stanley Black & Decker, Inc. (SWK) Holdings Reduced by Choate Investment Advisors

Choate Investment Advisors lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,997 shares of the industrial products company’s stock after selling 55 shares during the quarter. Choate Investment Advisors’ holdings in Stanley Black & Decker were worth $703,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Honkamp Krueger Financial Services Inc. lifted its holdings in Stanley Black & Decker by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 5 shares during the period. Sabal Trust CO lifted its holdings in Stanley Black & Decker by 0.4% in the second quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 9 shares during the period. Savant Capital LLC lifted its holdings in Stanley Black & Decker by 0.5% in the first quarter. Savant Capital LLC now owns 1,941 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 10 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 23 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its holdings in Stanley Black & Decker by 1.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 1,852 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 23 shares during the period. 83.74% of the stock is owned by institutional investors.

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A number of equities research analysts have commented on SWK shares. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a report on Tuesday, May 23rd. Seaport Global Securities started coverage on Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 target price for the company. BidaskClub raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Instinet raised their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, MKM Partners started coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $153.71.

In other news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The sale 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 insiders.

Stanley Black & Decker, Inc. (NYSE:SWK) traded up 0.22% during mid-day trading on Friday, reaching $148.04. The company had a trading volume of 1,232,025 shares. The firm has a market capitalization of $22.67 billion, a P/E ratio of 18.96 and a beta of 1.10. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.36. The stock’s 50-day moving average is $141.44 and its 200 day moving average is $137.97.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. Stanley Black & Decker’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 earnings per share. On average, analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.70%. Stanley Black & Decker’s payout ratio is 32.31%.

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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