Latest Stocks: Stanley Black & Decker, Inc. (SWK) Shares Sold by Strategic Advisors LLC

Latest Stocks: Stanley Black & Decker, Inc. (SWK) Shares Sold by Strategic Advisors LLC

Strategic Advisors LLC reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 44.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,628 shares of the industrial products company’s stock after selling 1,281 shares during the period. Strategic Advisors LLC’s holdings in Stanley Black & Decker were worth $216,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pacad Investment Ltd. acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $103,000. Tompkins Financial Corp increased its position in shares of 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 last quarter. Alexandria Capital LLC increased its position in shares of 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 last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $124,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of 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 company has a market cap of $21.17 billion, a P/E ratio of 17.67 and a beta of 1.15. 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.

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

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Friday, April 21st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.10. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Stanley Black & Decker had a return on equity of 16.16% and a net margin of 8.46%. Stanley Black & Decker’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. SWK has been the topic of several research reports. Nomura initiated coverage on shares of Stanley Black & Decker in a research report on Wednesday, April 12th. They set a “buy” rating and a $145.00 price objective on the stock. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $147.00 price objective on the stock in a research report on Wednesday, March 29th. Imperial Capital reiterated an “in-line” rating and issued a $125.00 target price on shares of Stanley Black & Decker 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. Finally, JPMorgan Chase & Co. upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $152.00 in a research report on Monday, April 24th. 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 news, EVP Jeffrey D. Ansell sold 11,474 shares of Stanley Black & Decker stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $135.61, for a total value of $1,555,989.14. Following the transaction, the executive vice president now directly owns 61,504 shares of the company’s stock, valued at approximately $8,340,557.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Steven J. Stafstrom sold 4,064 shares of Stanley Black & Decker stock in a transaction that occurred 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 sale, the vice president now owns 8,030 shares in the company, valued at $1,043,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,212 shares of company stock valued at $3,096,586. Company insiders own 1.80% of the company’s stock. About Stanley Black & Decker

Related posts

Leave a Comment