Stanley Black & Decker, Inc. (SWK) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,655 shares of the industrial products company’s stock after purchasing an additional 38 shares during the period. Scotia Capital Inc.’s holdings in Stanley Black & Decker were worth $1,359,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SWK. Oxford Asset Management purchased a new stake in shares of Stanley Black & Decker in the first quarter valued at $421,000. Kings Point Capital Management acquired a new position in shares of Stanley Black & Decker in the first quarter worth $2,319,000. Oarsman Capital Inc. increased its stake in shares of Stanley Black & Decker by 36.3% in the first quarter. Oarsman Capital Inc. now owns 12,028 shares of the industrial products company’s stock worth $1,598,000 after acquiring an additional 3,206 shares during the last quarter. Burney Co. increased its stake in shares of Stanley Black & Decker by 44.3% in the first quarter. Burney Co. now owns 11,337 shares of the industrial products company’s stock worth $1,506,000 after acquiring an additional 3,480 shares during the last quarter. Finally, Boston Private Wealth LLC increased its stake in shares of Stanley Black & Decker by 473.0% in the first quarter. Boston Private Wealth LLC now owns 37,641 shares of the industrial products company’s stock worth $5,001,000 after acquiring an additional 31,072 shares during the last quarter. Institutional investors own 83.65% of the company’s stock.

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Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.18 billion. During the same period in the previous year, the business earned $1.84 EPS. The company’s revenue was up 10.1% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st were paid a $0.63 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, August 30th. Stanley Black & Decker’s payout ratio is presently 32.31%.

SWK has been the topic of a number of research reports. BidaskClub downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Seaport Global Securities initiated coverage on shares of Stanley Black & Decker in a research note on Friday, June 16th. They issued a “buy” rating and a $160.00 price target on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $150.00 price target (up from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $150.00 price target on shares of Stanley Black & Decker in a research note on Monday, August 28th. Finally, Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Stanley Black & Decker currently has a consensus rating of “Buy” and an average target price of $156.86.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares in the company, valued at approximately $7,277,856.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph R. Voelker sold 10,432 shares of Stanley Black & Decker stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the completion of the sale, the senior vice president now owns 25,810 shares in the company, valued at $3,875,371.50. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by 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.

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

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