Advisor Resource Council Acquires New Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Advisor Resource Council acquired a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,397 shares of the industrial products company’s stock, valued at approximately $452,000.

A number of other hedge funds also recently bought and sold shares of the stock. Capital Research Global Investors increased its position in Stanley Black & Decker by 5.6% during the 3rd quarter. Capital Research Global Investors now owns 8,941,280 shares of the industrial products company’s stock valued at $1,567,552,000 after buying an additional 475,849 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Stanley Black & Decker by 2.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,526,964 shares of the industrial products company’s stock valued at $1,419,736,000 after buying an additional 198,873 shares in the last quarter. Geode Capital Management LLC increased its position in Stanley Black & Decker by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,850,537 shares of the industrial products company’s stock valued at $498,385,000 after buying an additional 75,835 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in Stanley Black & Decker by 5.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,754,532 shares of the industrial products company’s stock valued at $519,560,000 after buying an additional 149,845 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Stanley Black & Decker by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,506,729 shares of the industrial products company’s stock worth $439,455,000 after purchasing an additional 213,243 shares in the last quarter. 88.60% of the stock is owned by institutional investors.

In other Stanley Black & Decker news, CAO Jocelyn Belisle sold 3,244 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stephen Subasic sold 6,611 shares of the business’s stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $155.91, for a total value of $1,030,721.01. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $170.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, April 20th. Robert W. Baird reduced their target price on Stanley Black & Decker from $230.00 to $188.00 in a report on Monday, April 25th. The Goldman Sachs Group reduced their target price on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. Mizuho lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $222.00 to $145.00 in a report on Friday, April 29th. Finally, Credit Suisse Group assumed coverage on Stanley Black & Decker in a report on Tuesday, April 5th. They issued an “outperform” rating and a $165.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $170.69.

Shares of Stanley Black & Decker stock opened at $116.35 on Friday. The stock’s 50-day simple moving average is $135.60 and its 200-day simple moving average is $163.38. Stanley Black & Decker, Inc. has a 52 week low of $112.38 and a 52 week high of $219.59. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.28 and a beta of 1.37. The company has a quick ratio of 0.32, a current ratio of 0.89 and a debt-to-equity ratio of 0.61.

Stanley Black & Decker (NYSE:SWKGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.68 by $0.42. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.07%. The business had revenue of $4.45 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same period in the previous year, the business earned $3.13 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 10.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, June 6th. This represents a $3.16 annualized dividend and a dividend yield of 2.72%. Stanley Black & Decker’s dividend payout ratio (DPR) is 37.53%.

About Stanley Black & Decker (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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