Latest Stocks: Bank of New York Mellon Corp Buys 24,445 Shares of Stanley Black & Decker, Inc. (SWK)

Latest Stocks: Bank of New York Mellon Corp Buys 24,445 Shares of Stanley Black & Decker, Inc. (SWK)

Bank of New York Mellon Corp boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,625,488 shares of the industrial products company’s stock after buying an additional 24,445 shares during the period. Bank of New York Mellon Corp owned 1.09% of Stanley Black & Decker worth $215,980,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of SWK. Pacad Investment Ltd. bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $103,000. Tompkins Financial Corp increased its position in Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the period. Alexandria Capital LLC increased its position in Stanley Black & Decker by 3.3% in the first quarter. Alexandria Capital LLC now owns 826 shares of the industrial products company’s stock valued at $110,000 after buying an additional 26 shares during the period. SRS Capital Advisors Inc. acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $124,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Stanley Black & Decker during the third quarter valued at approximately $132,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Stanley Black & Decker, Inc. (SWK) opened at 138.41 on Tuesday. The stock has a 50 day moving average of $136.51 and a 200 day moving average of $127.27. Stanley Black & Decker, Inc. has a 52 week low of $103.86 and a 52 week high of $140.06. The company has a market cap of $21.17 billion, a P/E ratio of 17.67 and a beta of 1.15.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Friday, April 21st. The industrial products company reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.10. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.76 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.46%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post $7.21 earnings per share for the current year. The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Investors of record on Wednesday, June 7th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, June 5th. Stanley Black & Decker’s dividend payout ratio is presently 35.64%.

SWK has been the topic of several research reports. Imperial Capital raised their price objective on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research report on Tuesday, May 9th. JPMorgan Chase & Co. upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $140.00 to $152.00 in a research report on Monday, April 24th. Barclays PLC lifted their target price on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a research report on Tuesday, May 23rd. Finally, KeyCorp upgraded shares of Stanley Black & Decker from a “sector weight” rating to an “overweight” rating and set a $160.00 price objective on the stock in a research report on Friday, April 21st. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $145.13. In other Stanley Black & Decker news, SVP Jeffrey D. Ansell sold 7,674 shares of the stock in a transaction on Monday, March 20th. The stock was sold at an average price of $131.91, for a total value of $1,012,277.34. Following the completion of the transaction, the senior vice president now owns 48,028 shares in the company, valued at $6,335,373.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Steven J. Stafstrom sold 4,064 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $130.00, for a total value of $528,320.00. Following the completion of the transaction, the vice president now owns 8,030 shares of the company’s stock, valued at approximately $1,043,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,212 shares of company stock valued at $3,096,586. Corporate insiders own 1.80% of the company’s stock.

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