US Bancorp DE Has $7.18 Million Holdings in Stanley Black & Decker, Inc. (SWK)

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US Bancorp DE lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 52,755 shares of the industrial products company’s stock after selling 3,379 shares during the period. US Bancorp DE’s holdings in Stanley Black & Decker were worth $7,184,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SWK. Proficio Capital Partners LLC boosted its holdings in shares of Stanley Black & Decker by 370.5% during the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Stanley Black & Decker in the first quarter valued at $27,000. Destination Wealth Management grew its position in shares of Stanley Black & Decker by 319.1% in the first quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in shares of Stanley Black & Decker by 412.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 206 shares in the last quarter. Finally, Lindbrook Capital LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Several equities research analysts recently issued reports on SWK shares. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Zelman & Associates raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Wells Fargo & Co lifted their price objective on Stanley Black & Decker from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $159.06.

SWK stock traded up $0.93 during mid-day trading on Monday, hitting $132.80. 584,824 shares of the stock were exchanged, compared to its average volume of 1,413,244. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22. The firm has a market cap of $20.12 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 8.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.39%.

In other news, EVP Jeffrey D. Ansell sold 9,549 shares of Stanley Black & Decker stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $145.01, for a total value of $1,384,700.49. Following the transaction, the executive vice president now owns 42,213 shares in the company, valued at $6,121,307.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jaime A. Ramirez sold 1,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the transaction, the senior vice president now owns 38,356 shares in the company, valued at approximately $5,252,470.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,816 shares of company stock valued at $17,122,550. Corporate insiders own 1.03% of the company’s stock.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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