Cypress Capital Management LLC acquired a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,340 shares of the industrial products company’s stock, valued at approximately $1,408,000.

A number of other institutional investors and hedge funds also recently modified their holdings of SWK. Proficio Capital Partners LLC increased its holdings in Stanley Black & Decker by 370.5% during the 4th quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 163 shares in the last quarter. Truvestments Capital LLC bought a new stake in Stanley Black & Decker during the 1st quarter worth approximately $27,000. Destination Wealth Management increased its holdings in Stanley Black & Decker by 319.1% during the 1st quarter. Destination Wealth Management now owns 197 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in Stanley Black & Decker by 412.0% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 256 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 206 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its holdings in Stanley Black & Decker by 72.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares in the last quarter. 89.49% of the stock is owned by hedge funds and other institutional investors.

In other Stanley Black & Decker news, CEO James M. Loree sold 56,699 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $145.14, for a total transaction of $8,229,292.86. Following the completion of the transaction, the chief executive officer now directly owns 88,854 shares of the company’s stock, valued at $12,896,269.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey D. Ansell sold 9,527 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $139.80, for a total value of $1,331,874.60. Following the transaction, the executive vice president now directly owns 61,289 shares of the company’s stock, valued at $8,568,202.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,831 shares of company stock valued at $18,933,275. 1.03% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on SWK. TheStreet raised Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Wednesday, April 24th. Deutsche Bank set a $137.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a report on Wednesday, January 23rd. Wolfe Research set a $140.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a report on Wednesday, January 23rd. Credit Suisse Group set a $155.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a report on Tuesday, January 22nd. Finally, Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a report on Friday, March 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $157.13.

NYSE SWK traded down $1.64 on Wednesday, hitting $133.85. 7,966 shares of the stock traded hands, compared to its average volume of 1,469,303. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.30 billion. During the same period in the prior year, the company earned $1.39 earnings per share. Stanley Black & Decker’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post 8.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

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Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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