Hallmark Capital Management Inc. cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,192 shares of the industrial products company’s stock after selling 720 shares during the quarter. Hallmark Capital Management Inc.’s holdings in Stanley Black & Decker were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BB&T Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker in the second quarter worth approximately $102,000. Acrospire Investment Management LLC raised its stake in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 400 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 23 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 461 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter worth approximately $140,000. 83.60% of the stock is owned by hedge funds and other institutional investors.

SWK has been the subject of several analyst reports. MKM Partners initiated coverage on Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 price objective for the company. Wolfe Research initiated coverage on Stanley Black & Decker in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective for the company. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. Finally, BidaskClub downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $167.29.

Stanley Black & Decker, Inc. (NYSE SWK) traded down 0.12% during trading on Wednesday, hitting $161.36. The stock had a trading volume of 431,365 shares. Stanley Black & Decker, Inc. has a 1-year low of $112.91 and a 1-year high of $166.70. The stock’s 50-day moving average price is $155.25 and its 200-day moving average price is $143.92. The company has a market capitalization of $24.71 billion, a P/E ratio of 20.66 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. Analysts expect that Stanley Black & Decker, Inc. will post $7.39 earnings per share for the current year.

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

In other news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,322 shares of company stock valued at $16,527,453. Company insiders own 1.15% of the company’s stock.

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Stanley Black & Decker 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.

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

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