Wilbanks Smith & Thomas Asset Management LLC Maintains Holdings in Stanley Black & Decker, Inc. (SWK)

Wilbanks Smith & Thomas Asset Management LLC continued to hold its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,303 shares of the industrial products company’s stock at the close of the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Stanley Black & Decker were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Scotia Capital Inc. increased its stake in Stanley Black & Decker by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 9,655 shares of the industrial products company’s stock worth $1,359,000 after buying an additional 38 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $178,000. Raymond James Financial Services Advisors Inc. increased its stake in Stanley Black & Decker by 3.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,305 shares of the industrial products company’s stock worth $3,280,000 after buying an additional 697 shares in the last quarter. 361 Capital LLC purchased a new stake in Stanley Black & Decker during the 2nd quarter worth approximately $1,759,000. Finally, Moors & Cabot Inc. increased its stake in Stanley Black & Decker by 6.5% during the 2nd quarter. Moors & Cabot Inc. now owns 7,382 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 450 shares in the last quarter. Institutional investors own 83.65% of the company’s stock.

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In other news, insider John H. Wyatt sold 6,956 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the completion of the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph R. Voelker sold 10,432 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

SWK has been the subject of several research reports. Seaport Global Securities initiated coverage on Stanley Black & Decker in a research note on Friday, June 16th. They set a “buy” rating and a $160.00 price objective for the company. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Instinet boosted their price objective on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. MKM Partners started coverage on Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 price objective for the company. Finally, Wolfe Research started coverage on Stanley Black & Decker in a report on Tuesday, July 11th. They set an “outperform” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $155.07.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company posted $1.84 EPS. The company’s revenue was up 10.1% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.31%.

Stanley Black & Decker Profile

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.

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

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