FCG Advisors LLC Sells 13 Shares of Stanley Black & Decker, Inc. (SWK)

FCG Advisors LLC lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,161 shares of the industrial products company’s stock after selling 13 shares during the period. FCG Advisors LLC’s holdings in Stanley Black & Decker were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Stanley Black & Decker by 1,670.7% during the 1st quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after purchasing an additional 9,857,885 shares during the last quarter. Boston Partners lifted its holdings in shares of Stanley Black & Decker by 9.7% during the 1st quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the period. Cornerstone Investment Partners LLC lifted its holdings in shares of Stanley Black & Decker by 4,009.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after buying an additional 319,528 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $34,675,000. Finally, State Street Corp lifted its holdings in shares of Stanley Black & Decker by 3.2% during the 1st quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares during the period. Institutional investors own 83.61% of the company’s stock.

A number of equities analysts recently commented on SWK shares. Morgan Stanley raised their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. BidaskClub raised Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG reaffirmed a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Instinet raised their target price on Stanley Black & Decker from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $153.71.

Stanley Black & Decker, Inc. (SWK) opened at 151.22 on Friday. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 19.36 and a beta of 1.10. The company has a 50-day moving average price of $142.02 and a 200 day moving average price of $138.44. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $151.94.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 1st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is currently 32.31%.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by BBNS and is the property of of BBNS. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/stanley-black-decker-inc-swk-shares-sold-by-fcg-advisors-llc/1602607.html.

In other news, SVP Joseph R. Voelker sold 10,432 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the transaction, the senior vice president now owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Stanley Black & Decker 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)

Receive News & Ratings for Stanley Black & Decker Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.