Trade Report: Today, Advisors Asset Management Inc. cuts position of Stanley Black & Decker Inc. (SWK)

Today, Advisors Asset Management Inc. cuts position of Stanley Black & Decker Inc. (SWK)

Advisors Asset Management Inc. lowered its position in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 54.7% during the third quarter, Holdings Channel reports. The institutional investor owned 5,692 shares of the company’s stock after selling 6,875 shares during the period. Advisors Asset Management Inc.’s holdings in Stanley Black & Decker were worth $700,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. APG Asset Management N.V. boosted its stake in Stanley Black & Decker by 41.8% in the third quarter. APG Asset Management N.V. now owns 269,542 shares of the company’s stock worth $33,148,000 after buying an additional 79,400 shares in the last quarter. BerganKDV Wealth Management LLC boosted its stake in Stanley Black & Decker by 0.5% in the third quarter. BerganKDV Wealth Management LLC now owns 5,616 shares of the company’s stock worth $691,000 after buying an additional 26 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Stanley Black & Decker by 9.3% in the third quarter. Wells Fargo & Company MN now owns 4,516,562 shares of the company’s stock worth $555,446,000 after buying an additional 385,149 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in Stanley Black & Decker by 0.5% in the third quarter. Manning & Napier Advisors LLC now owns 21,843 shares of the company’s stock worth $2,685,000 after buying an additional 118 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its stake in Stanley Black & Decker by 31.0% in the third quarter. Capital Fund Management S.A. now owns 6,875 shares of the company’s stock worth $845,000 after buying an additional 1,626 shares in the last quarter. 83.21% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Inc. (NYSE:SWK) traded up 1.00% on Friday, reaching $121.60. The company had a trading volume of 380,631 shares. The company’s 50-day moving average price is $119.37 and its 200 day moving average price is $118.31. Stanley Black & Decker Inc. has a 1-year low of $88.72 and a 1-year high of $126.72. The firm has a market capitalization of $18.32 billion, a P/E ratio of 18.49 and a beta of 1.13.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.62 by $0.06. Stanley Black & Decker had a net margin of 8.61% and a return on equity of 16.77%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.89 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Stanley Black & Decker Inc. will post $6.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, December 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 1.91%. The ex-dividend date is Wednesday, November 30th. Stanley Black & Decker’s payout ratio is 35.31%.

A number of equities research analysts have commented on the company. Imperial Capital reissued an “in-line” rating and set a $125.00 price target on shares of Stanley Black & Decker in a report on Tuesday, October 18th. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, October 14th. Finally, Longbow Research cut Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $117.45.

In other news, insider John H. Wyatt sold 12,750 shares of the stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $122.69, for a total transaction of $1,564,297.50. Following the sale, the insider now directly owns 61,345 shares of the company’s stock, valued at approximately $7,526,418.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael David Hankin bought 450 shares of the stock in a transaction dated Friday, October 28th. The shares were purchased at an average cost of $114.54 per share, for a total transaction of $51,543.00. Following the completion of the purchase, the director now owns 900 shares in the company, valued at $103,086. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a provider of hand tools, power tools and related accessories, mechanical access solutions (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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