TRUE Private Wealth Advisors Buys New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

TRUE Private Wealth Advisors bought a new stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 624 shares of the industrial products company’s stock, valued at approximately $90,000.

Several other large investors also recently made changes to their positions in SWK. Pzena Investment Management LLC boosted its position in shares of Stanley Black & Decker by 96.1% during the first quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after buying an additional 1,187,163 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Stanley Black & Decker by 65.9% during the first quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock valued at $311,287,000 after buying an additional 908,040 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Stanley Black & Decker by 8.5% during the first quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock valued at $1,550,513,000 after buying an additional 893,269 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stanley Black & Decker by 16.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,937,486 shares of the industrial products company’s stock valued at $231,995,000 after buying an additional 269,736 shares during the last quarter. Finally, Cambiar Investors LLC purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $30,010,000. 86.28% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on SWK shares. JPMorgan Chase & Co. lifted their target price on Stanley Black & Decker from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wells Fargo & Co cut their target price on Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. TheStreet raised Stanley Black & Decker from a “c+” rating to a “b” rating in a research report on Wednesday, April 24th. Bank of America began coverage on Stanley Black & Decker in a report on Friday, June 21st. They set an “underperform” rating and a $140.00 price target on the stock. Finally, Barclays lifted their price target on Stanley Black & Decker from $145.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $157.06.

Stanley Black & Decker stock traded up $2.56 during mid-day trading on Friday, reaching $134.01. 11,359 shares of the company’s stock were exchanged, compared to its average volume of 1,203,213. The business’s fifty day simple moving average is $143.88 and its 200 day simple moving average is $139.08. The firm has a market capitalization of $20.85 billion, a PE ratio of 16.41, a P/E/G ratio of 1.79 and a beta of 1.36. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $155.22. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.11. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 annualized dividend and a dividend yield of 2.06%. Stanley Black & Decker’s payout ratio is presently 32.39%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $151.04, for a total value of $1,487,744.00. Following the sale, the senior vice president now directly owns 45,706 shares in the company, valued at $6,903,434.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jaime A. Ramirez sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the sale, the senior vice president now owns 38,356 shares in the company, valued at $5,252,470.64. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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