Gyroscope Capital Management Group LLC Buys 92 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Gyroscope Capital Management Group LLC lifted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,798 shares of the industrial products company’s stock after buying an additional 92 shares during the period. Gyroscope Capital Management Group LLC’s holdings in Stanley Black & Decker were worth $798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Stanley Black & Decker by 1.2% in the second quarter. Vanguard Group Inc. now owns 12,414,864 shares of the industrial products company’s stock valued at $1,795,314,000 after buying an additional 151,641 shares during the period. BlackRock Inc. lifted its stake in Stanley Black & Decker by 0.5% during the second quarter. BlackRock Inc. now owns 9,699,825 shares of the industrial products company’s stock worth $1,402,690,000 after purchasing an additional 48,118 shares during the period. Wells Fargo & Company MN lifted its stake in Stanley Black & Decker by 2.2% during the second quarter. Wells Fargo & Company MN now owns 5,073,105 shares of the industrial products company’s stock worth $733,622,000 after purchasing an additional 110,568 shares during the period. Northern Trust Corp lifted its stake in Stanley Black & Decker by 0.7% during the second quarter. Northern Trust Corp now owns 1,725,388 shares of the industrial products company’s stock worth $249,509,000 after purchasing an additional 12,506 shares during the period. Finally, Morgan Stanley lifted its stake in Stanley Black & Decker by 4.3% during the second quarter. Morgan Stanley now owns 1,376,392 shares of the industrial products company’s stock worth $199,040,000 after purchasing an additional 56,260 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the completion of the transaction, the senior vice president now owns 45,706 shares in the company, valued at $6,903,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.03% of the company’s stock.



Shares of NYSE:SWK traded up $7.13 during trading on Friday, reaching $147.56. The stock had a trading volume of 43,032 shares, compared to its average volume of 912,998. Stanley Black & Decker, Inc. has a 52 week low of $106.41 and a 52 week high of $154.10. The business’s 50-day moving average price is $138.77 and its 200 day moving average price is $140.56. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.44. The stock has a market capitalization of $20.50 billion, a PE ratio of 18.05, a P/E/G ratio of 1.82 and a beta of 1.40.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. Stanley Black & Decker’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts forecast that Stanley Black & Decker, Inc. will post 8.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.69 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.87%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. Stanley Black & Decker’s payout ratio is 33.87%.

A number of research analysts have commented on the stock. Nomura raised their price target on shares of Stanley Black & Decker from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Bank of America assumed coverage on shares of Stanley Black & Decker in a research note on Friday, June 21st. They set an “underperform” rating and a $140.00 price target for the company. ValuEngine cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Thursday. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $155.88.

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: Technical Analysis

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

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