Stanley Black & Decker, Inc. (SWK) Stake Maintained by Palisade Asset Management LLC

Palisade Asset Management LLC maintained its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, Holdings Channel reports. The fund owned 4,462 shares of the industrial products company’s stock at the end of the second quarter. Palisade Asset Management LLC’s holdings in Stanley Black & Decker were worth $628,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SWK. Macquarie Group Ltd. increased its position in shares of Stanley Black & Decker by 55.3% in the fourth quarter. Macquarie Group Ltd. now owns 170,688 shares of the industrial products company’s stock valued at $19,576,000 after buying an additional 60,745 shares during the period. Raymond James Trust N.A. increased its position in shares of Stanley Black & Decker by 2.8% in the first quarter. Raymond James Trust N.A. now owns 4,148 shares of the industrial products company’s stock valued at $552,000 after buying an additional 113 shares during the period. Charter Trust Co. purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $218,000. Gulf International Bank UK Ltd increased its position in shares of Stanley Black & Decker by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 44,735 shares of the industrial products company’s stock valued at $5,943,000 after buying an additional 520 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Stanley Black & Decker during the first quarter valued at approximately $212,000. 84.10% of the stock is owned by hedge funds and other institutional investors.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 140.34 on Thursday. The stock has a market cap of $21.49 billion, a PE ratio of 17.97 and a beta of 1.10. The firm has a 50-day moving average of $143.03 and a 200-day moving average of $134.91. Stanley Black & Decker, Inc. has a one year low of $111.89 and a one year high of $148.32.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a dividend of $0.63 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.80%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 29.74%.

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Several equities analysts have recently commented on SWK shares. Nomura started coverage on shares of Stanley Black & Decker in a research note on Wednesday, April 12th. They set a “buy” rating and a $145.00 price objective for the company. KeyCorp upgraded shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price target on the stock in a research report on Friday, April 21st. J P Morgan Chase & Co upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $140.00 to $152.00 in a research report on Monday, April 24th. Imperial Capital reiterated an “in-line” rating and set a $125.00 price target on shares of Stanley Black & Decker in a research report on Monday, April 24th. Finally, Barclays PLC boosted their price target on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $153.69.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of Stanley Black & Decker stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now owns 41,541 shares in the company, valued at approximately $5,797,461.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.15% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as 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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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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