APG Asset Management N.V. trimmed its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 56.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,245 shares of the industrial products company’s stock after selling 198,456 shares during the period. APG Asset Management N.V. owned 0.10% of Stanley Black & Decker worth $23,437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWK. Vanguard Group Inc. increased its holdings in shares of Stanley Black & Decker by 2.6% in the second quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after purchasing an additional 287,124 shares during the period. Voya Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 1.3% in the second quarter. Voya Investment Management LLC now owns 1,683,478 shares of the industrial products company’s stock valued at $236,916,000 after purchasing an additional 20,995 shares during the period. Sanders Capital LLC increased its holdings in shares of Stanley Black & Decker by 2.7% in the third quarter. Sanders Capital LLC now owns 822,648 shares of the industrial products company’s stock valued at $125,927,000 after purchasing an additional 22,000 shares during the period. Legal & General Group Plc increased its holdings in shares of Stanley Black & Decker by 10.0% in the second quarter. Legal & General Group Plc now owns 796,706 shares of the industrial products company’s stock valued at $112,120,000 after purchasing an additional 72,281 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Stanley Black & Decker by 20.6% in the second quarter. TIAA CREF Investment Management LLC now owns 772,663 shares of the industrial products company’s stock valued at $108,737,000 after purchasing an additional 132,082 shares during the period. 83.60% of the stock is owned by hedge funds and other institutional investors.

In other news, insider John H. Wyatt sold 6,956 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the transaction, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph R. Voelker sold 10,432 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the transaction, the senior vice president now directly owns 25,810 shares in the company, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. Insiders have sold 32,791 shares of company stock worth $5,115,537 in the last ninety days. Corporate insiders own 1.15% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 161.63 on Tuesday. The stock’s 50 day moving average price is $154.86 and its 200-day moving average price is $143.79. Stanley Black & Decker, Inc. has a 52-week low of $112.86 and a 52-week high of $166.70. The firm has a market cap of $24.75 billion, a PE ratio of 20.70 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company posted $1.68 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts anticipate that Stanley Black & Decker, Inc. will post $7.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.56%. Stanley Black & Decker’s payout ratio is 31.82%.

A number of research analysts have recently weighed in on SWK shares. Robert W. Baird reissued a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 28th. BidaskClub downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, MKM Partners began coverage on Stanley Black & Decker in a research report on Friday, July 7th. They set a “buy” rating and a $166.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $167.29.

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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.

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

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