Stanley Black & Decker, Inc. (SWK) Shares Bought by American International Group Inc.

American International Group Inc. lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 75,008 shares of the industrial products company’s stock after acquiring an additional 1,892 shares during the period. American International Group Inc.’s holdings in Stanley Black & Decker were worth $11,491,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SWK. Bank of Montreal Can grew its stake in shares of Stanley Black & Decker by 7.1% during the fourth quarter. Bank of Montreal Can now owns 144,628 shares of the industrial products company’s stock worth $24,542,000 after acquiring an additional 9,562 shares during the last quarter. National Pension Service grew its stake in shares of Stanley Black & Decker by 3.7% during the fourth quarter. National Pension Service now owns 163,920 shares of the industrial products company’s stock worth $27,816,000 after acquiring an additional 5,900 shares during the last quarter. Creative Planning grew its stake in shares of Stanley Black & Decker by 2.6% during the fourth quarter. Creative Planning now owns 21,587 shares of the industrial products company’s stock worth $3,663,000 after acquiring an additional 543 shares during the last quarter. Charter Trust Co. grew its stake in shares of Stanley Black & Decker by 15.7% during the fourth quarter. Charter Trust Co. now owns 2,546 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 346 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its stake in shares of Stanley Black & Decker by 13.3% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,269 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 83.30% of the company’s stock.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $151.44, for a total value of $497,328.96. Following the completion of the transaction, the senior vice president now directly owns 20,367 shares of the company’s stock, valued at $3,084,378.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael David Hankin purchased 350 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was bought at an average cost of $143.28 per share, with a total value of $50,148.00. Following the completion of the acquisition, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $179,100. The disclosure for this purchase can be found here. Insiders own 0.69% of the company’s stock.

A number of equities research analysts have recently weighed in on SWK shares. Morgan Stanley dropped their price target on Stanley Black & Decker from $178.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, April 23rd. ValuEngine lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Seaport Global Securities restated a “buy” rating and set a $193.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, JPMorgan Chase restated a “buy” rating and set a $190.00 price target on shares of Stanley Black & Decker in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $180.50.

Shares of Stanley Black & Decker opened at $143.16 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $21.94 billion, a P/E ratio of 19.22, a PEG ratio of 1.66 and a beta of 1.02. Stanley Black & Decker, Inc. has a 52 week low of $141.79 and a 52 week high of $143.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 1.06.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, April 20th. The industrial products company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Stanley Black & Decker had a return on equity of 15.65% and a net margin of 7.63%. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts predict that Stanley Black & Decker, Inc. will post 8.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 19th. Shareholders of record on Wednesday, June 6th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Tuesday, June 5th. Stanley Black & Decker’s payout ratio is presently 33.83%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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