Tyers Asset Management LLC lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 17.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,960 shares of the industrial products company’s stock after selling 640 shares during the quarter. Tyers Asset Management LLC’s holdings in Stanley Black & Decker were worth $428,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Westpac Banking Corp grew its holdings in shares of Stanley Black & Decker by 40.6% during the second quarter. Westpac Banking Corp now owns 15,143 shares of the industrial products company’s stock worth $2,190,000 after purchasing an additional 4,370 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Stanley Black & Decker by 0.7% during the first quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock worth $233,244,000 after purchasing an additional 12,223 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Stanley Black & Decker by 2.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 679,205 shares of the industrial products company’s stock worth $98,220,000 after purchasing an additional 18,035 shares during the last quarter. Brasada Capital Management LP boosted its stake in shares of Stanley Black & Decker by 25.0% during the second quarter. Brasada Capital Management LP now owns 2,500 shares of the industrial products company’s stock worth $362,000 after buying an additional 500 shares during the period. Finally, King Luther Capital Management Corp boosted its stake in shares of Stanley Black & Decker by 3.1% during the first quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock worth $12,133,000 after buying an additional 2,665 shares during the period. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:SWK traded up $0.87 during mid-day trading on Friday, reaching $147.99. The stock had a trading volume of 15,893 shares, compared to its average volume of 922,364. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.97 and a beta of 1.39. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $155.22. The business has a 50 day simple moving average of $138.38 and a 200 day simple moving average of $139.39.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm earned $2.57 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.6 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.87%.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the sale, the senior vice president now directly owns 45,706 shares in the company, valued at approximately $6,903,434.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.03% of the stock is currently owned by company insiders.

SWK has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Friday, June 14th. Morgan Stanley increased their target price on shares of Stanley Black & Decker from $161.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Wells Fargo & Co reduced their price objective on shares of Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Finally, Deutsche Bank reduced their price objective on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and an average price target of $157.06.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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