Todays Report: The Savant Capital LLC decides to keep it stake in Stanley Black & Decker Inc. (SWK) to the level of $215,000

The Savant Capital LLC decides to keep it stake in Stanley Black & Decker Inc. (SWK) to the level of $215,000

Savant Capital LLC maintained its stake in shares of Stanley Black & Decker Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The fund owned 1,931 shares of the company’s stock at the end of the second quarter. Savant Capital LLC’s holdings in Stanley Black & Decker were worth $215,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SWK. Fiduciary Management Inc. WI increased its stake in shares of Stanley Black & Decker by 2.9% in the first quarter. Fiduciary Management Inc. WI now owns 4,292,980 shares of the company’s stock valued at $451,664,000 after buying an additional 119,336 shares during the period. Geode Capital Management LLC increased its stake in shares of Stanley Black & Decker by 3.7% in the first quarter. Geode Capital Management LLC now owns 1,239,734 shares of the company’s stock valued at $130,170,000 after buying an additional 44,318 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of Stanley Black & Decker by 13.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 958,487 shares of the company’s stock valued at $106,602,000 after buying an additional 111,986 shares during the period. Legal & General Group Plc increased its stake in shares of Stanley Black & Decker by 0.4% in the first quarter. Legal & General Group Plc now owns 673,255 shares of the company’s stock valued at $70,833,000 after buying an additional 2,409 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 valued at $54,074,000 after buying an additional 366,500 shares during the period. Hedge funds and other institutional investors own 83.96% of the company’s stock.

Stanley Black & Decker Inc. (NYSE:SWK) traded down 1.52% during trading on Friday, reaching $122.27. 881,399 shares of the company’s stock were exchanged. The firm has a market cap of $18.39 billion, a price-to-earnings ratio of 19.09 and a beta of 1.38. The firm’s 50-day moving average price is $122.27 and its 200-day moving average price is $115.63. Stanley Black & Decker Inc. has a 12 month low of $88.72 and a 12 month high of $124.86.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Friday, July 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.12. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Stanley Black & Decker had a return on equity of 16.96% and a net margin of 8.47%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.54 EPS. On average, equities research analysts anticipate that Stanley Black & Decker Inc. will post $6.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Wednesday, August 31st. Stanley Black & Decker’s dividend payout ratio is presently 36.19%.

Several analysts have commented on SWK shares. Argus restated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, July 26th. Zelman & Associates downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Credit Suisse Group AG restated a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, June 28th. Imperial Capital restated a “hold” rating and set a $107.00 target price on shares of Stanley Black & Decker in a report on Wednesday, June 29th. Finally, Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $113.25.

In other Stanley Black & Decker news, VP Steven J. Stafstrom sold 2,407 shares of the stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $121.96, for a total transaction of $293,557.72. Following the transaction, the vice president now directly owns 24,656 shares in the company, valued at approximately $3,007,045.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John H. Wyatt sold 12,750 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $122.69, for a total value of $1,564,297.50. Following the transaction, the insider now owns 61,345 shares in the company, valued at $7,526,418.05. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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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