Twin Tree Management LP Grows Position in Stanley Black & Decker, Inc. (SWK)

Twin Tree Management LP lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,118 shares of the industrial products company’s stock after purchasing an additional 43 shares during the period. Twin Tree Management LP’s holdings in Stanley Black & Decker were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SWK. Thompson Davis & CO. Inc. acquired a new position in Stanley Black & Decker in the 1st quarter valued at about $108,000. Farmers & Merchants Investments Inc. boosted its holdings in Stanley Black & Decker by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 23 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its holdings in Stanley Black & Decker by 87.8% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 461 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in Stanley Black & Decker in the 1st quarter valued at approximately $140,000. Finally, Assetmark Inc. boosted its holdings in Stanley Black & Decker by 5.4% in the 1st quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 83.61% of the company’s stock.

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Shares of Stanley Black & Decker, Inc. (SWK) opened at 151.22 on Friday. The stock’s 50 day moving average price is $142.02 and its 200-day moving average price is $138.44. Stanley Black & Decker, Inc. has a 12-month low of $111.89 and a 12-month high of $151.94. The firm has a market capitalization of $23.16 billion, a P/E ratio of 19.36 and a beta of 1.10.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Monday, July 24th. The industrial products company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. On average, equities analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 1st were issued a dividend of $0.63 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.67%. Stanley Black & Decker’s dividend payout ratio is presently 32.31%.

A number of brokerages have weighed in on SWK. Seaport Global Securities began coverage on Stanley Black & Decker in a report on Friday, June 16th. They issued a “buy” rating and a $160.00 price objective on the stock. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Wolfe Research began coverage on Stanley Black & Decker in a research note on Tuesday, July 11th. They set an “outperform” rating and a $160.00 price target on the stock. Morgan Stanley boosted their price target on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $153.71.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the sale, the senior vice president now directly owns 25,810 shares in the company, valued at $3,875,371.50. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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