Independent Advisor Alliance lifted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 17.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,148 shares of the industrial products company’s stock after acquiring an additional 1,696 shares during the period. Independent Advisor Alliance’s holdings in Stanley Black & Decker were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC lifted its position in Stanley Black & Decker by 2.8% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 3,249 shares of the industrial products company’s stock worth $389,000 after purchasing an additional 90 shares during the period. Louisiana State Employees Retirement System lifted its position in shares of Stanley Black & Decker by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the industrial products company’s stock valued at $1,089,000 after acquiring an additional 100 shares during the last quarter. Fruth Investment Management lifted its position in shares of Stanley Black & Decker by 1.5% during the 1st quarter. Fruth Investment Management now owns 6,890 shares of the industrial products company’s stock valued at $938,000 after acquiring an additional 100 shares during the last quarter. YHB Investment Advisors Inc. lifted its position in shares of Stanley Black & Decker by 0.5% during the 1st quarter. YHB Investment Advisors Inc. now owns 18,776 shares of the industrial products company’s stock valued at $2,557,000 after acquiring an additional 102 shares during the last quarter. Finally, Cornerstone Advisors Inc. lifted its position in shares of Stanley Black & Decker by 22.0% during the 1st quarter. Cornerstone Advisors Inc. now owns 583 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, May 10th. Buckingham Research boosted their target price on shares of Stanley Black & Decker from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Wells Fargo & Co boosted their target price on shares of Stanley Black & Decker from $148.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a research note on Wednesday, April 24th. Finally, Barclays boosted their target price on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Stanley Black & Decker presently has a consensus rating of “Buy” and an average price target of $157.13.

In related news, CEO James M. Loree sold 56,699 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $145.14, for a total value of $8,229,292.86. Following the completion of the sale, the chief executive officer now directly owns 88,854 shares in the company, valued at $12,896,269.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert H. Raff, Jr. sold 6,179 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $151.66, for a total transaction of $937,107.14. Following the completion of the sale, the insider now owns 14,116 shares of the company’s stock, valued at $2,140,832.56. The disclosure for this sale can be found here. Insiders sold 129,831 shares of company stock worth $18,933,275 over the last ninety days. 1.03% of the stock is currently owned by company insiders.

Shares of NYSE SWK traded up $3.36 during mid-day trading on Thursday, reaching $138.44. The company had a trading volume of 29,754 shares, compared to its average volume of 1,398,576. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $155.22. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.57 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

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About Stanley Black & Decker

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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Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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

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