LaFleur & Godfrey LLC boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 23,809 shares of the industrial products company’s stock after buying an additional 1 shares during the period. LaFleur & Godfrey LLC’s holdings in Stanley Black & Decker were worth $3,351,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock worth $1,388,216,000 after buying an additional 9,857,885 shares during the period. State Street Corp raised its position in shares of Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares during the period. Boston Partners raised its position in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock worth $493,481,000 after buying an additional 329,259 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Stanley Black & Decker by 0.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,619,158 shares of the industrial products company’s stock worth $480,878,000 after buying an additional 15,721 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Stanley Black & Decker by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,193,176 shares of the industrial products company’s stock worth $291,398,000 after buying an additional 41,688 shares during the period. Institutional investors own 84.10% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at 139.15 on Friday. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of 17.82 and a beta of 1.10. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.32. The firm’s 50 day moving average price is $142.81 and its 200-day moving average price is $135.07.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be issued a $0.63 dividend. The ex-dividend date is Wednesday, August 30th. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 dividend on an annualized basis and a yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is 29.74%.

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A number of equities analysts recently issued reports on SWK shares. BidaskClub lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Morgan Stanley restated an “equal weight” rating and issued a $150.00 target price (up previously from $148.00) on shares of Stanley Black & Decker in a research note on Tuesday, July 25th. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. J P Morgan Chase & Co upgraded Stanley Black & Decker from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $140.00 to $152.00 in a research note on Monday, April 24th. Finally, Instinet raised their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $154.00.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the completion of the transaction, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.15% of the company’s stock.

About Stanley Black & Decker

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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