Sterling Capital Management LLC Buys New Stake in Stanley Black & Decker, Inc. (SWK)

Sterling Capital Management LLC bought a new position in Stanley Black & Decker, Inc. (NYSE:SWK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,730 shares of the industrial products company’s stock, valued at approximately $1,990,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Stanley Black & Decker by 1.5% in the fourth quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock valued at $1,708,022,000 after purchasing an additional 144,926 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in Stanley Black & Decker by 126.8% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,314 shares of the industrial products company’s stock valued at $732,000 after purchasing an additional 2,412 shares during the last quarter. American International Group Inc. boosted its holdings in Stanley Black & Decker by 7.1% in the fourth quarter. American International Group Inc. now owns 73,116 shares of the industrial products company’s stock valued at $12,407,000 after purchasing an additional 4,826 shares during the last quarter. Lombard Odier Asset Management Switzerland SA boosted its holdings in Stanley Black & Decker by 867.6% in the fourth quarter. Lombard Odier Asset Management Switzerland SA now owns 15,317 shares of the industrial products company’s stock valued at $2,599,000 after purchasing an additional 13,734 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Stanley Black & Decker by 4,043.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,859 shares of the industrial products company’s stock valued at $485,000 after purchasing an additional 2,790 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

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Shares of Stanley Black & Decker stock opened at $151.31 on Friday. Stanley Black & Decker, Inc. has a one year low of $128.08 and a one year high of $176.62. The stock has a market capitalization of $23,318.69, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.38.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a return on equity of 15.89% and a net margin of 9.62%. The firm had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the firm posted $1.71 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 16.9% compared to the same quarter last year. equities research analysts expect that Stanley Black & Decker, Inc. will post 8.42 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Thursday, March 8th. Stanley Black & Decker’s payout ratio is currently 31.30%.

A number of brokerages recently commented on SWK. UBS began coverage on Stanley Black & Decker in a report on Tuesday, January 23rd. They issued a “buy” rating and a $200.00 price target for the company. Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Seaport Global Securities reissued a “buy” rating and issued a $193.00 price target on shares of Stanley Black & Decker in a report on Tuesday, January 23rd. Morgan Stanley increased their price target on Stanley Black & Decker from $172.00 to $189.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, MKM Partners increased their price target on Stanley Black & Decker from $170.59 to $200.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $180.35.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $151.44, for a total transaction of $497,328.96. Following the sale, the senior vice president now owns 20,367 shares in the company, valued at $3,084,378.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.69% of the company’s stock.

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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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