Trade Report: The Raymond James Trust N.A. Sold shares of Stanley Black & Decker Inc. (SWK)

The Raymond James Trust N.A. Sold shares of Stanley Black & Decker Inc. (SWK)

Raymond James Trust N.A. reduced its position in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,978 shares of the company’s stock after selling 58 shares during the period. Raymond James Trust N.A.’s holdings in Stanley Black & Decker were worth $489,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Reilly Financial Advisors LLC raised its position in Stanley Black & Decker by 500.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,200 shares of the company’s stock worth $133,000 after buying an additional 1,000 shares during the period. Krilogy Financial LLC raised its position in Stanley Black & Decker by 9.4% in the second quarter. Krilogy Financial LLC now owns 1,192 shares of the company’s stock worth $133,000 after buying an additional 102 shares during the period. Checchi Capital Advisers LLC raised its position in Stanley Black & Decker by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,751 shares of the company’s stock worth $195,000 after buying an additional 56 shares during the period. Duncker Streett & Co. Inc. raised its position in Stanley Black & Decker by 4.1% in the second quarter. Duncker Streett & Co. Inc. now owns 1,758 shares of the company’s stock worth $196,000 after buying an additional 69 shares during the period. Finally, Buckingham Asset Management LLC bought a new position in Stanley Black & Decker during the second quarter worth $200,000. Institutional investors and hedge funds own 83.21% of the company’s stock.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded up 1.00% on Friday, hitting $121.60. The company had a trading volume of 380,631 shares. Stanley Black & Decker Inc. has a 12-month low of $88.72 and a 12-month 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. The firm has a 50 day moving average of $119.37 and a 200-day moving average of $118.31.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.06. Stanley Black & Decker had a return on equity of 16.77% and a net margin of 8.61%. The company earned $2.90 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict 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. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.32 annualized dividend and a dividend yield of 1.91%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 35.31%.

SWK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Monday, September 26th. Imperial Capital reiterated an “in-line” rating and issued a $125.00 price target on shares of Stanley Black & Decker in a research report on Tuesday, October 18th. Finally, Longbow Research lowered Stanley Black & Decker from a “buy” rating to a “neutral” rating in a research report on Monday, August 22nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $117.45.

In other Stanley Black & Decker news, VP Craig A. Douglas sold 3,500 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $125.54, for a total value of $439,390.00. Following the completion of the sale, the vice president now directly owns 19,496 shares in the company, valued at $2,447,527.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ben S. Sihota sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $124.54, for a total value of $622,700.00. Following the transaction, the senior vice president now directly owns 21,200 shares of the company’s stock, valued at $2,640,248. The disclosure for this sale can be found here. 1.80% of the stock is 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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