American Trust Buys 1,127 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

American Trust increased its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 55.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,174 shares of the industrial products company’s stock after purchasing an additional 1,127 shares during the quarter. American Trust’s holdings in Stanley Black & Decker were worth $444,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SWK. Covestor Ltd bought a new position in shares of Stanley Black & Decker during the 4th quarter valued at approximately $53,000. Advisor Resource Council bought a new position in Stanley Black & Decker in the 4th quarter valued at $452,000. Ensign Peak Advisors Inc grew its position in Stanley Black & Decker by 1.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 90,510 shares of the industrial products company’s stock valued at $17,072,000 after acquiring an additional 1,318 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Stanley Black & Decker by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 785,981 shares of the industrial products company’s stock valued at $148,252,000 after acquiring an additional 26,521 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Stanley Black & Decker by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,934,065 shares of the industrial products company’s stock valued at $551,914,000 after acquiring an additional 83,528 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.

Stanley Black & Decker Trading Down 0.2 %

Shares of NYSE SWK opened at $85.45 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.28. The stock has a market capitalization of $12.63 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28. Stanley Black & Decker, Inc. has a 1-year low of $83.89 and a 1-year high of $199.20. The business has a fifty day moving average price of $97.78 and a 200 day moving average price of $117.74.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.35). The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Stanley Black & Decker had a return on equity of 14.65% and a net margin of 5.86%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.08 earnings per share. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.53 EPS for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th will be paid a $0.80 dividend. The ex-dividend date is Friday, September 2nd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 3.74%. Stanley Black & Decker’s dividend payout ratio (DPR) is 51.78%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley cut their price objective on Stanley Black & Decker from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. Robert W. Baird cut their price objective on Stanley Black & Decker from $130.00 to $116.00 in a research report on Friday, July 29th. The Goldman Sachs Group lowered their target price on Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. lowered their target price on Stanley Black & Decker from $139.00 to $115.00 in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft cut Stanley Black & Decker from a “buy” rating to a “hold” rating and lowered their target price for the stock from $126.00 to $111.00 in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $115.33.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, Director Robert J. Manning purchased 30,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was bought at an average cost of $85.50 per share, for a total transaction of $2,565,000.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at approximately $2,565,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andrea J. Ayers acquired 15,500 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average cost of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the acquisition, the director now owns 15,500 shares of the company’s stock, valued at $1,483,195. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Manning acquired 30,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was purchased at an average cost of $85.50 per share, for a total transaction of $2,565,000.00. Following the completion of the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $2,565,000. The disclosure for this purchase can be found here. 0.93% of the stock is currently owned by company insiders.

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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