Janney Montgomery Scott LLC Cuts Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Janney Montgomery Scott LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,723 shares of the industrial products company’s stock after selling 1,898 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Stanley Black & Decker were worth $5,166,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Stanley Black & Decker by 0.7% in the first quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock valued at $233,244,000 after buying an additional 12,223 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Stanley Black & Decker by 3.1% in the first quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock valued at $12,133,000 after buying an additional 2,665 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in shares of Stanley Black & Decker in the first quarter valued at $470,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Stanley Black & Decker in the second quarter valued at $210,000. Finally, DNB Asset Management AS increased its position in shares of Stanley Black & Decker by 9.4% in the second quarter. DNB Asset Management AS now owns 32,646 shares of the industrial products company’s stock valued at $4,721,000 after buying an additional 2,817 shares in the last quarter. Institutional investors and hedge funds own 86.28% of the company’s stock.

Shares of NYSE:SWK opened at $133.59 on Wednesday. The stock has a 50-day simple moving average of $144.32. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12-month low of $106.41 and a 12-month high of $155.22. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36.



Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.11. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period last year, the company earned $2.57 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities analysts predict that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total value of $136,940.00. Following the sale, the senior vice president now directly owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jaime A. Ramirez sold 9,850 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $151.04, for a total value 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 $6,903,434.24. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Friday, June 14th. Wells Fargo & Co dropped their price target on 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. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $133.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. TheStreet upgraded Stanley Black & Decker from a “c+” rating to a “b” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank dropped their price target on 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 analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $157.06.

Stanley Black & Decker Company Profile

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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