Commonwealth Equity Services LLC Sells 10,652 Shares of Stanley Black & Decker, Inc. (SWK)

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Commonwealth Equity Services LLC trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,224 shares of the industrial products company’s stock after selling 10,652 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Stanley Black & Decker were worth $6,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of SWK. Capital Research Global Investors bought a new position in Stanley Black & Decker during the 3rd quarter worth approximately $589,253,000. JPMorgan Chase & Co. grew its position in Stanley Black & Decker by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after acquiring an additional 1,822,466 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Stanley Black & Decker by 37.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after acquiring an additional 1,772,064 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Stanley Black & Decker by 222.6% in the 4th quarter. Pzena Investment Management LLC now owns 1,235,984 shares of the industrial products company’s stock worth $147,997,000 after buying an additional 852,812 shares during the period. Finally, Eaton Vance Management lifted its holdings in Stanley Black & Decker by 767.0% in the 4th quarter. Eaton Vance Management now owns 803,535 shares of the industrial products company’s stock worth $96,215,000 after buying an additional 710,850 shares during the period. Institutional investors and hedge funds own 86.84% of the company’s stock.

Several research firms have weighed in on SWK. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Monday, February 25th. Wells Fargo & Co reiterated an “outperform” rating and issued a $150.00 price objective (up previously from $141.00) on shares of Stanley Black & Decker in a report on Wednesday. Credit Suisse Group set a $155.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a report on Friday, January 11th. Robert W. Baird upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $154.00 price objective for the company in a report on Monday, December 3rd. Finally, ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $154.69.

In other news, SVP Joseph R. Voelker sold 3,488 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $137.48, for a total value of $479,530.24. Following the completion of the transaction, the senior vice president now owns 22,149 shares in the company, valued at approximately $3,045,044.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey D. Ansell sold 9,527 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $139.80, for a total value of $1,331,874.60. Following the completion of the transaction, the executive vice president now owns 61,289 shares of the company’s stock, valued at approximately $8,568,202.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,615 shares of company stock valued at $2,018,879. 0.69% of the stock is currently owned by company insiders.

SWK opened at $133.62 on Thursday. The company has a market capitalization of $20.39 billion, a PE ratio of 16.40, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.16 and a quick ratio of 0.56. Stanley Black & Decker, Inc. has a 52 week low of $106.41 and a 52 week high of $161.91.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.01. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 EPS. As a group, research analysts expect that Stanley Black & Decker, Inc. will post 8.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, March 4th. Stanley Black & Decker’s payout ratio is presently 32.39%.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

Read More: What do investors mean by earnings per share?

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

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