Commonwealth Bank of Australia Lowers Position in Stanley Black & Decker, Inc. (SWK)

Commonwealth Bank of Australia lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,239 shares of the industrial products company’s stock after selling 4,124 shares during the period. Commonwealth Bank of Australia’s holdings in Stanley Black & Decker were worth $2,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP grew its holdings in shares of Stanley Black & Decker by 32.6% in the 1st quarter. Royce & Associates LP now owns 29,300 shares of the industrial products company’s stock worth $3,893,000 after acquiring an additional 7,200 shares during the period. HPM Partners LLC acquired a new stake in shares of Stanley Black & Decker in the 1st quarter worth approximately $212,000. Pax World Management LLC grew its holdings in shares of Stanley Black & Decker by 3.2% in the 1st quarter. Pax World Management LLC now owns 162,132 shares of the industrial products company’s stock worth $21,542,000 after acquiring an additional 5,001 shares during the period. Bank of America Corp DE grew its holdings in shares of Stanley Black & Decker by 16.0% in the 1st quarter. Bank of America Corp DE now owns 789,437 shares of the industrial products company’s stock worth $104,892,000 after acquiring an additional 108,864 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Stanley Black & Decker by 4.4% in the 2nd quarter. Swiss National Bank now owns 557,464 shares of the industrial products company’s stock worth $78,452,000 after acquiring an additional 23,400 shares during the period. Institutional investors and hedge funds own 83.74% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 147.46 on Tuesday. The firm’s 50 day moving average price is $140.59 and its 200-day moving average price is $137.47. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 18.88 and a beta of 1.10. Stanley Black & Decker, Inc. has a 52 week low of $111.89 and a 52 week high of $148.32.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the company posted $1.84 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.71%. This is a boost 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 payout ratio is presently 32.31%.

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A number of equities research analysts have commented on SWK shares. Morgan Stanley increased their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a report on Thursday, August 10th. BidaskClub upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG reiterated a “buy” rating and set a $160.00 target price (up previously from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Instinet increased their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus target price of $153.71.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the transaction, the insider now directly owns 49,188 shares in the company, valued at approximately $7,277,856.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.15% of the company’s stock.

About Stanley Black & Decker

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.

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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