US Bancorp DE Has $10.87 Million Stake in Stanley Black & Decker, Inc. (SWK)

US Bancorp DE trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,035 shares of the industrial products company’s stock after selling 1,216 shares during the quarter. US Bancorp DE’s holdings in Stanley Black & Decker were worth $10,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Scotia Capital Inc. raised its position in shares of Stanley Black & Decker by 0.4% during the second quarter. Scotia Capital Inc. now owns 9,655 shares of the industrial products company’s stock worth $1,359,000 after acquiring an additional 38 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Stanley Black & Decker by 11.0% during the second quarter. Advisory Services Network LLC now owns 1,739 shares of the industrial products company’s stock worth $245,000 after acquiring an additional 172 shares during the last quarter. DnB Asset Management AS raised its position in shares of Stanley Black & Decker by 1.4% during the fourth quarter. DnB Asset Management AS now owns 21,634 shares of the industrial products company’s stock worth $3,671,000 after acquiring an additional 300 shares during the last quarter. Foyston Gordon & Payne Inc raised its position in shares of Stanley Black & Decker by 1.1% during the third quarter. Foyston Gordon & Payne Inc now owns 29,889 shares of the industrial products company’s stock worth $4,512,000 after acquiring an additional 318 shares during the last quarter. Finally, Amalgamated Bank raised its position in shares of Stanley Black & Decker by 1.9% during the third quarter. Amalgamated Bank now owns 17,644 shares of the industrial products company’s stock worth $2,664,000 after acquiring an additional 337 shares during the last quarter. Institutional investors own 84.30% of the company’s stock.

A number of equities research analysts have weighed in on SWK shares. Northcoast Research started coverage on Stanley Black & Decker in a report on Friday, October 20th. They issued a “buy” rating and a $193.00 target price for the company. FBR & Co lifted their target price on Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. JPMorgan Chase & Co. lifted their target price on Stanley Black & Decker from $152.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $177.75.

In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the sale, the executive vice president now owns 57,480 shares in the company, valued at $9,725,616. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Donald Allan sold 30,090 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $163.11, for a total value of $4,907,979.90. Following the sale, the chief financial officer now owns 129,203 shares of the company’s stock, valued at approximately $21,074,301.33. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at $159.74 on Thursday. The company has a market capitalization of $24,784.70, a P/E ratio of 21.75, a PEG ratio of 1.89 and a beta of 0.97. Stanley Black & Decker, Inc. has a 1-year low of $121.09 and a 1-year high of $176.62. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. Stanley Black & Decker had a return on equity of 15.48% and a net margin of 9.62%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 earnings per share. sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.43 EPS for the current year.

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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.

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

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