Oppenheimer & Co. Inc. Has $2.53 Million Position in Stanley Black & Decker, Inc. (SWK)

Oppenheimer & Co. Inc. lifted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 61.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,576 shares of the industrial products company’s stock after acquiring an additional 7,101 shares during the period. Oppenheimer & Co. Inc.’s holdings in Stanley Black & Decker were worth $2,530,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SWK. Truvestments Capital LLC bought a new stake in Stanley Black & Decker during the 1st quarter worth approximately $27,000. Proficio Capital Partners LLC increased its stake in Stanley Black & Decker by 370.5% during the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake in Stanley Black & Decker by 412.0% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 206 shares in the last quarter. Legacy Financial Advisors Inc. increased its stake in Stanley Black & Decker by 72.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in Stanley Black & Decker during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 88.13% of the company’s stock.

In other Stanley Black & Decker news, EVP Jeffrey D. Ansell sold 15,639 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $150.30, for a total transaction of $2,350,541.70. Following the completion of the sale, the executive vice president now owns 26,574 shares of the company’s stock, valued at approximately $3,994,072.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $136.26, for a total value of $136,260.00. Following the sale, the senior vice president now directly owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The disclosure for this sale can be found here. In the last three months, insiders sold 39,203 shares of company stock valued at $5,682,907. 1.03% of the stock is currently owned by insiders.

A number of research firms recently issued reports on SWK. Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday, March 22nd. Morgan Stanley raised their price target on shares of Stanley Black & Decker from $149.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays raised their price target on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a research note on Wednesday, April 24th. Finally, Buckingham Research raised their price target on shares of Stanley Black & Decker from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $155.63.

NYSE SWK opened at $146.30 on Monday. The company has a market capitalization of $22.14 billion, a PE ratio of 17.95, a P/E/G ratio of 1.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.91 and a quick ratio of 0.55. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.10 by $0.32. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a return on equity of 16.59% and a net margin of 4.57%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s payout ratio is presently 32.39%.

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About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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