Bollard Group LLC Has $5.379 Million Stake in Stanley Black & Decker, Inc. (SWK)

Bollard Group LLC boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,485 shares of the industrial products company’s stock after buying an additional 177 shares during the period. Bollard Group LLC’s holdings in Stanley Black & Decker were worth $5,379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Northern Trust Corp boosted its position in Stanley Black & Decker by 0.7% in the third quarter. Northern Trust Corp now owns 1,856,563 shares of the industrial products company’s stock valued at $228,321,000 after buying an additional 12,944 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Stanley Black & Decker during the third quarter valued at $2,300,000. Norges Bank bought a new position in Stanley Black & Decker during the fourth quarter valued at $190,743,000. Commonwealth Bank of Australia boosted its position in Stanley Black & Decker by 0.7% in the third quarter. Commonwealth Bank of Australia now owns 14,882 shares of the industrial products company’s stock valued at $1,830,000 after buying an additional 100 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Stanley Black & Decker by 3.4% in the third quarter. HighTower Advisors LLC now owns 60,557 shares of the industrial products company’s stock valued at $7,454,000 after buying an additional 2,017 shares during the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

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

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded up 2.61% during mid-day trading on Friday, reaching $136.18. 1,597,091 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $130.85 and its 200-day moving average price is $123.17. Stanley Black & Decker, Inc. has a one year low of $103.86 and a one year high of $137.90. The company has a market capitalization of $20.78 billion, a PE ratio of 20.92 and a beta of 1.15.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Friday, April 21st. The industrial products company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $1.19 by $1.40. The firm earned $2.81 billion during the quarter, compared to analyst estimates of $2.76 billion. Stanley Black & Decker had a net margin of 8.46% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. On average, equities analysts expect that Stanley Black & Decker, Inc. will post $7.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, June 7th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.75%. Stanley Black & Decker’s dividend payout ratio (DPR) is 35.64%.

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Several research firms have recently weighed in on SWK. KeyCorp raised shares of Stanley Black & Decker to an “overweight” rating and set a $160.00 price objective for the company in a report on Friday. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Wednesday, March 29th. Barclays PLC began coverage on shares of Stanley Black & Decker in a report on Monday, January 30th. They set an “overweight” rating and a $140.00 price objective for the company. Nomura began coverage on shares of Stanley Black & Decker in a report on Wednesday, April 12th. They set a “buy” rating and a $145.00 price objective for the company. Finally, Imperial Capital reissued an “in-line” rating and set a $125.00 price objective on shares of Stanley Black & Decker in a report on Friday, December 23rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $136.44.

In other news, SVP Jeffrey D. Ansell sold 7,674 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $131.91, for a total transaction of $1,012,277.34. Following the completion of the transaction, the senior vice president now directly owns 48,028 shares of the company’s stock, valued at approximately $6,335,373.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Joseph R. Voelker sold 412 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $125.00, for a total transaction of $51,500.00. Following the transaction, the senior vice president now directly owns 13,570 shares of the company’s stock, valued at $1,696,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,016 shares of company stock valued at $14,037,567. Insiders own 1.80% of the company’s stock.

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.

5 Day Chart for NYSE:SWK

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