Rhumbline Advisers Purchases 11,546 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Rhumbline Advisers raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,039 shares of the industrial products company’s stock after purchasing an additional 11,546 shares during the quarter. Rhumbline Advisers’ holdings in Stanley Black & Decker were worth $27,582,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SWK. LS Investment Advisors LLC bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $27,000. Heritage Wealth Advisors bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $27,000. Clear Street Markets LLC grew its stake in shares of Stanley Black & Decker by 280.7% during the 2nd quarter. Clear Street Markets LLC now owns 316 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 233 shares during the period. Covington Capital Management bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $34,000. Finally, Achmea Investment Management B.V. bought a new position in shares of Stanley Black & Decker during the 1st quarter valued at approximately $36,000. 87.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, CFO Corbin Walburger sold 5,248 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $80.80, for a total value of $424,038.40. Following the transaction, the chief financial officer now owns 17,993 shares of the company’s stock, valued at approximately $1,453,834.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert J. Manning purchased 30,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of $85.50 per share, with a total value of $2,565,000.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $2,565,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Corbin Walburger sold 5,248 shares of the stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $80.80, for a total value of $424,038.40. Following the transaction, the chief financial officer now directly owns 17,993 shares in the company, valued at approximately $1,453,834.40. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Stock Performance

NYSE SWK opened at $82.28 on Thursday. The company has a market cap of $12.17 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.32 and a current ratio of 1.16. The business’s 50 day moving average price is $78.96 and its 200-day moving average price is $96.31. Stanley Black & Decker, Inc. has a fifty-two week low of $70.24 and a fifty-two week high of $196.52.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its earnings results on Thursday, October 27th. The industrial products company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.06. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.98 billion. Stanley Black & Decker had a return on equity of 11.77% and a net margin of 8.44%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 EPS. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.44 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Thursday, December 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent research reports. Citigroup cut their price objective on Stanley Black & Decker from $90.00 to $69.00 in a research note on Monday, October 31st. Mizuho lowered their price target on Stanley Black & Decker from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 28th. Barclays lowered their price target on Stanley Black & Decker from $118.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, October 31st. Vertical Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $110.00 in a report on Friday, July 29th. Finally, Credit Suisse Group cut Stanley Black & Decker from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $125.00 to $79.00 in a report on Friday, October 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and a consensus target price of $94.08.

About Stanley Black & Decker

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Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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