JPMorgan Chase & Co. Has $2.46 Billion Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

JPMorgan Chase & Co. lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.6% during the first quarter, HoldingsChannel.com reports. The firm owned 12,328,959 shares of the industrial products company’s stock after selling 1,015,491 shares during the period. JPMorgan Chase & Co. owned 0.08% of Stanley Black & Decker worth $2,461,723,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alpha DNA Investment Management LLC grew its position in shares of Stanley Black & Decker by 294.3% in the 1st quarter. Alpha DNA Investment Management LLC now owns 138 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 103 shares during the period. CVA Family Office LLC acquired a new position in shares of Stanley Black & Decker in the first quarter valued at $33,000. Oxler Private Wealth LLC acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $35,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth about $48,000. Finally, CX Institutional lifted its position in Stanley Black & Decker by 34.6% during the first quarter. CX Institutional now owns 241 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.

Several brokerages have commented on SWK. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Stanley Black & Decker from $215.00 to $221.00 and gave the company a “buy” rating in a research report on Tuesday, April 13th. Robert W. Baird reaffirmed a “buy” rating on shares of Stanley Black & Decker in a research note on Tuesday, May 18th. JPMorgan Chase & Co. increased their price objective on Stanley Black & Decker from $200.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, April 7th. Barclays increased their price target on Stanley Black & Decker from $214.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, April 6th. Finally, Morgan Stanley lifted their price objective on shares of Stanley Black & Decker from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, April 29th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average target price of $209.82.

Shares of SWK stock traded down $0.63 during trading hours on Friday, reaching $203.37. The stock had a trading volume of 4,259 shares, compared to its average volume of 1,227,041. Stanley Black & Decker, Inc. has a 12 month low of $124.74 and a 12 month high of $225.00. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $32.84 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.74 and a beta of 1.45. The stock has a fifty day simple moving average of $209.35.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $3.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.56 by $0.57. Stanley Black & Decker had a return on equity of 19.02% and a net margin of 10.18%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue was up 34.1% compared to the same quarter last year. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 10.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 22nd. Shareholders of record on Tuesday, June 8th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Monday, June 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 30.97%.

In related news, EVP Jaime A. Ramirez sold 8,315 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $209.99, for a total transaction of $1,746,066.85. Following the sale, the executive vice president now directly owns 31,059 shares in the company, valued at $6,522,079.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Janet Link sold 7,446 shares of the company’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $209.03, for a total transaction of $1,556,437.38. Following the completion of the sale, the senior vice president now owns 29,461 shares in the company, valued at approximately $6,158,232.83. The disclosure for this sale can be found here. Insiders have sold 19,065 shares of company stock worth $3,932,015 over the last three months. Insiders own 0.93% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the 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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