Chartwell Investment Partners LLC Acquires 10,013 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

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Chartwell Investment Partners LLC grew its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 45.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,013 shares of the industrial products company’s stock after buying an additional 10,013 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Stanley Black & Decker were worth $4,462,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Stanley Black & Decker during the first quarter worth about $26,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Stanley Black & Decker by 70.0% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 340 shares of the industrial products company’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in Stanley Black & Decker in the 1st quarter valued at $40,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Stanley Black & Decker by 41.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 299 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 88 shares during the period. Finally, Watson Rebecca acquired a new position in Stanley Black & Decker during the second quarter worth $42,000. 87.10% of the stock is owned by institutional investors.

Shares of NYSE:SWK opened at $153.32 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.59 and a debt-to-equity ratio of 0.47. Stanley Black & Decker, Inc. has a 1-year low of $70.00 and a 1-year high of $173.67. The stock has a market capitalization of $23.63 billion, a P/E ratio of 29.20, a P/E/G ratio of 4.53 and a beta of 1.54. The business has a 50-day moving average price of $141.95 and a two-hundred day moving average price of $133.11.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.33. Stanley Black & Decker had a net margin of 5.88% and a return on equity of 13.33%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $2.66 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 17.6% compared to the same quarter last year. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 6.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.70 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 1.83%. Stanley Black & Decker’s payout ratio is presently 32.86%.

A number of equities research analysts recently issued reports on SWK shares. Credit Suisse Group increased their target price on shares of Stanley Black & Decker from $125.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, June 4th. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Tuesday, July 14th. Nomura Instinet reduced their target price on Stanley Black & Decker from $145.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Nomura decreased their price target on Stanley Black & Decker from $145.00 to $131.00 in a research report on Monday, May 4th. Finally, Morgan Stanley lifted their price objective on Stanley Black & Decker from $138.00 to $171.00 and gave the company an “overweight” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $158.06.

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.

Further Reading: Ex-Dividend

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

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