Benedict Financial Advisors Inc. lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,217 shares of the industrial products company’s stock after acquiring an additional 74 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Stanley Black & Decker were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of SWK. Northern Trust Corp increased its holdings in Stanley Black & Decker by 0.7% in the first quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock valued at $233,244,000 after buying an additional 12,223 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Stanley Black & Decker by 3.1% in the first quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock valued at $12,133,000 after buying an additional 2,665 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in Stanley Black & Decker in the first quarter valued at $470,000. Ferguson Wellman Capital Management Inc. purchased a new position in Stanley Black & Decker in the second quarter valued at $210,000. Finally, DNB Asset Management AS increased its holdings in Stanley Black & Decker by 9.4% in the second quarter. DNB Asset Management AS now owns 32,646 shares of the industrial products company’s stock valued at $4,721,000 after buying an additional 2,817 shares during the last quarter. 86.28% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total transaction of $136,940.00. Following the completion of the sale, the senior vice president now owns 38,356 shares in the company, valued at $5,252,470.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the sale, the senior vice president now owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.
NYSE SWK opened at $131.82 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $155.22. The firm has a market capitalization of $20.38 billion, a P/E ratio of 16.17, a PEG ratio of 1.79 and a beta of 1.36. The company has a fifty day moving average of $144.14.
Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.
About Stanley Black & Decker
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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