Thompson Davis & CO. Inc. Acquires 533 Shares of Stanley Black & Decker, Inc. (SWK)

Thompson Davis & CO. Inc. raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 108.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,023 shares of the industrial products company’s stock after purchasing an additional 533 shares during the period. Thompson Davis & CO. Inc.’s holdings in Stanley Black & Decker were worth $154,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. bought a new position in shares of Stanley Black & Decker in the second quarter valued at approximately $102,000. Acrospire Investment Management LLC lifted its holdings in shares of Stanley Black & Decker by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 400 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Stanley Black & Decker by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 23 shares during the last quarter. Independent Portfolio Consultants Inc. lifted its holdings in shares of Stanley Black & Decker by 87.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 461 shares during the last quarter. Finally, Sun Life Financial INC lifted its holdings in shares of Stanley Black & Decker by 10,027.3% in the 2nd quarter. Sun Life Financial INC now owns 1,114 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors own 83.60% of the company’s stock.

A number of equities research analysts have recently weighed in on SWK shares. MKM Partners started coverage on shares of Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 price objective for the company. Wolfe Research started coverage on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 target price on the stock. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $167.29.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.56%. Stanley Black & Decker’s payout ratio is currently 31.82%.

In related news, CEO James M. Loree sold 70,531 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the transaction, the chief executive officer now owns 175,449 shares in the company, valued at approximately $28,387,648.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $1,566,364.80. Following the transaction, the senior vice president now owns 25,810 shares in the company, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,322 shares of company stock worth $16,527,453. Company insiders own 1.15% of the company’s stock.

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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.

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

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