Twin Capital Management Inc. decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,320 shares of the industrial products company’s stock after selling 20 shares during the period. Twin Capital Management Inc.’s holdings in Stanley Black & Decker were worth $1,312,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Stanley Black & Decker during the first quarter worth about $213,000. Retirement Systems of Alabama raised its stake in shares of Stanley Black & Decker by 3.3% in the first quarter. Retirement Systems of Alabama now owns 73,755 shares of the industrial products company’s stock worth $9,800,000 after buying an additional 2,333 shares during the period. First Manhattan Co. raised its stake in shares of Stanley Black & Decker by 2.8% in the first quarter. First Manhattan Co. now owns 15,415 shares of the industrial products company’s stock worth $1,895,000 after buying an additional 425 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of Stanley Black & Decker during the first quarter worth about $246,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Stanley Black & Decker by 11.1% in the first quarter. Russell Investments Group Ltd. now owns 430,041 shares of the industrial products company’s stock worth $57,137,000 after buying an additional 42,851 shares during the period. 83.40% of the stock is owned by institutional investors.

Stanley Black & Decker, Inc. (NYSE SWK) opened at 138.83 on Friday. The company has a market cap of $21.26 billion, a P/E ratio of 17.78 and a beta of 1.10. The stock’s 50 day moving average is $141.91 and its 200-day moving average is $136.13. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $148.32.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. Stanley Black & Decker’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 earnings per share. Analysts predict that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.82%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. Stanley Black & Decker’s dividend payout ratio is 29.74%.

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A number of equities research analysts have issued reports on SWK shares. Imperial Capital lifted their target price on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Seaport Global Securities started coverage on shares of Stanley Black & Decker in a research note on Friday, June 16th. They set a “buy” rating and a $160.00 target price for the company. BidaskClub raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Instinet lifted their target price on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 41,541 shares in the company, valued at $5,797,461.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.15% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Company Profile

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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