Wheatland Advisors Inc. Has $422,000 Stake in Stanley Black & Decker, Inc. (SWK)

Wheatland Advisors Inc. maintained its position in Stanley Black & Decker, Inc. (NYSE:SWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the industrial products company’s stock at the end of the second quarter. Wheatland Advisors Inc.’s holdings in Stanley Black & Decker were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after buying an additional 9,857,885 shares during the last quarter. Boston Partners raised its position in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the last quarter. Cornerstone Investment Partners LLC raised its position in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after buying an additional 319,528 shares during the last quarter. State Street Corp raised its position in Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Stanley Black & Decker by 15.5% in the first quarter. Geode Capital Management LLC now owns 1,661,823 shares of the industrial products company’s stock valued at $220,525,000 after buying an additional 223,099 shares during the last quarter. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 140.34 on Thursday. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32. The stock has a market cap of $21.49 billion, a P/E ratio of 17.97 and a beta of 1.10. The firm’s 50-day moving average price is $143.03 and its 200-day moving average price is $134.91.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the company earned $1.84 earnings per share. Stanley Black & Decker’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The company 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 represents a $2.52 annualized dividend and a dividend yield of 1.80%. 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. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 29.74%.

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SWK has been the subject of several analyst reports. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, June 22nd. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and upped their target price for the company from $140.00 to $152.00 in a research note on Monday, April 24th. Barclays PLC upped their target price on Stanley Black & Decker from $144.00 to $146.00 and gave the company an “overweight” rating in a research note on Monday, April 24th. Nomura initiated coverage on Stanley Black & Decker in a research note on Wednesday, April 12th. They issued a “buy” rating and a $145.00 target price for the company. Finally, Imperial Capital upped their target price on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Stanley Black & Decker presently has a consensus rating of “Buy” and a consensus target price of $153.69.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction on Friday, June 9th. The stock was 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 directly owns 41,541 shares in the company, valued at $5,797,461.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.15% of the stock is currently owned by company insiders.

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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