The Boston Private Wealth LLC Sold shares of Stanley Black & Decker Inc. (SWK)

The Boston Private Wealth LLC Sold shares of Stanley Black & Decker Inc. (SWK)

Boston Private Wealth LLC lowered its stake in Stanley Black & Decker Inc. (NYSE:SWK) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 5,435 shares of the company’s stock after selling 262 shares during the period. Boston Private Wealth LLC’s holdings in Stanley Black & Decker were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Stanley Black & Decker by 248.5% in the first quarter. Renaissance Technologies LLC now owns 513,962 shares of the company’s stock worth $54,074,000 after buying an additional 366,500 shares in the last quarter. British Airways Pensions Investment Management Ltd bought a new position in shares of Stanley Black & Decker during the second quarter worth about $25,594,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Stanley Black & Decker during the second quarter worth about $15,096,000. National Pension Service increased its position in shares of Stanley Black & Decker by 4.5% in the first quarter. National Pension Service now owns 94,664 shares of the company’s stock worth $9,960,000 after buying an additional 4,105 shares in the last quarter. Finally, Sunriver Management LLC increased its position in shares of Stanley Black & Decker by 15.2% in the first quarter. Sunriver Management LLC now owns 132,940 shares of the company’s stock worth $13,987,000 after buying an additional 17,552 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

Stanley Black & Decker Inc. (NYSE:SWK) traded down 0.56% during trading on Friday, hitting $114.39. The company’s stock had a trading volume of 2,106,808 shares. The firm has a market cap of $17.21 billion, a PE ratio of 17.86 and a beta of 1.38. Stanley Black & Decker Inc. has a one year low of $88.72 and a one year high of $124.86. The company has a 50-day moving average of $120.69 and a 200 day moving average of $117.05.

Stanley Black & Decker (NYSE:SWK) last posted its 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. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.89 billion. Stanley Black & Decker had a return on equity of 16.77% and a net margin of 8.61%. Stanley Black & Decker’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities analysts forecast that Stanley Black & Decker Inc. will post $6.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Investors of record on Friday, December 2nd will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.03%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 36.19%.

A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Argus reiterated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, July 26th. Longbow Research downgraded Stanley Black & Decker from a “buy” rating to a “neutral” rating in a report on Monday, August 22nd. Zelman & Associates downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Imperial Capital lifted their price target on Stanley Black & Decker from $107.00 to $125.00 and gave the company an “in-line” rating in a report on Monday, July 25th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $117.45.

In related news, Director Michael David Hankin acquired 450 shares of the firm’s stock in a transaction on Friday, October 28th. The stock was bought at an average price of $114.54 per share, for a total transaction of $51,543.00. Following the completion of the purchase, the director now directly owns 900 shares of the company’s stock, valued at approximately $103,086. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ben S. Sihota sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $124.54, for a total transaction of $622,700.00. Following the completion of the transaction, the senior vice president now owns 21,200 shares of the company’s stock, valued at approximately $2,640,248. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate 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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