Sumitomo Life Insurance Co. decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,569 shares of the industrial products company’s stock after selling 2,954 shares during the period. Sumitomo Life Insurance Co.’s holdings in Stanley Black & Decker were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fulton Bank N.A. grew its stake in Stanley Black & Decker by 9.1% during the third quarter. Fulton Bank N.A. now owns 5,032 shares of the industrial products company’s stock worth $737,000 after purchasing an additional 418 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Stanley Black & Decker by 22.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock worth $336,000 after purchasing an additional 464 shares during the period. Aristotle Atlantic Partners LLC grew its stake in Stanley Black & Decker by 30.3% during the second quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 481 shares during the period. United Capital Financial Advisers LLC grew its stake in Stanley Black & Decker by 9.1% during the first quarter. United Capital Financial Advisers LLC now owns 5,773 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 483 shares during the period. Finally, Bollard Group LLC grew its stake in Stanley Black & Decker by 1.2% during the second quarter. Bollard Group LLC now owns 41,827 shares of the industrial products company’s stock worth $5,555,000 after purchasing an additional 485 shares during the period. 83.56% of the stock is owned by institutional investors and hedge funds.

In other news, VP Jocelyn Belisle sold 1,185 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $139.04, for a total value of $164,762.40. Following the transaction, the vice president now owns 12,766 shares in the company, valued at $1,774,984.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.69% of the company’s stock.

Stanley Black & Decker stock traded down $1.89 during mid-day trading on Thursday, reaching $121.68. The stock had a trading volume of 33,087 shares, compared to its average volume of 1,308,814. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. Stanley Black & Decker, Inc. has a fifty-two week low of $123.15 and a fifty-two week high of $176.62. The stock has a market capitalization of $22.41 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts forecast that Stanley Black & Decker, Inc. will post 8.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 2.17%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.44%.

Several equities research analysts recently commented on the company. Credit Suisse Group set a $160.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Wednesday. Robert W. Baird set a $154.00 target price on Stanley Black & Decker and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Macquarie decreased their target price on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, September 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $176.94.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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