1,461 Shares in Stanley Black & Decker, Inc. (NYSE:SWK) Bought by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,461 shares of the industrial products company’s stock, valued at approximately $204,000.

Several other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Stanley Black & Decker by 28.8% in the first quarter. Wellington Management Group LLP now owns 5,574 shares of the industrial products company’s stock valued at $558,000 after buying an additional 1,247 shares during the period. APG Asset Management N.V. bought a new stake in Stanley Black & Decker during the first quarter worth $8,804,000. Clearbridge Investments LLC lifted its stake in Stanley Black & Decker by 4.8% during the first quarter. Clearbridge Investments LLC now owns 488,356 shares of the industrial products company’s stock worth $48,836,000 after purchasing an additional 22,420 shares during the last quarter. Diversified Trust Co lifted its stake in Stanley Black & Decker by 87.6% during the second quarter. Diversified Trust Co now owns 21,770 shares of the industrial products company’s stock worth $3,034,000 after purchasing an additional 10,167 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in Stanley Black & Decker by 5.6% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 32,961 shares of the industrial products company’s stock worth $3,296,000 after purchasing an additional 1,754 shares during the last quarter. 87.10% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on SWK shares. Credit Suisse Group increased their price target on Stanley Black & Decker from $125.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. UBS Group increased their price target on Stanley Black & Decker from $136.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Nomura Instinet dropped their price target on Stanley Black & Decker from $145.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Nomura Securities increased their price target on Stanley Black & Decker from $116.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Wolfe Research upgraded Stanley Black & Decker from a “peer perform” rating to an “outperform” rating and set a $159.00 price target for the company in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $158.06.

Shares of Stanley Black & Decker stock opened at $153.32 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $141.95 and a two-hundred day moving average price of $133.11. Stanley Black & Decker, Inc. has a 1-year low of $70.00 and a 1-year high of $173.67. The company has a market cap of $23.63 billion, a P/E ratio of 29.20, a PEG ratio of 4.56 and a beta of 1.54.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $1.01. Stanley Black & Decker had a return on equity of 13.33% and a net margin of 5.88%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $2.66 EPS. The business’s revenue was down 17.6% compared to the same quarter last year. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 6.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.70 per share. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.69. This represents a $2.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Monday, August 31st. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.86%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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