Latest Stocks: Wellington Shields Capital Management LLC Buys 2 Shares of Stanley Black & Decker, Inc. (SWK)

Latest Stocks: Wellington Shields Capital Management LLC Buys 2 Shares of Stanley Black & Decker, Inc. (SWK)

Wellington Shields Capital Management LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,680 shares of the industrial products company’s stock after buying an additional 2 shares during the period. Wellington Shields Capital Management LLC’s holdings in Stanley Black & Decker were worth $3,279,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Stanley Black & Decker during the fourth quarter valued at approximately $190,743,000. Franklin Resources Inc. increased its position in Stanley Black & Decker by 58.2% in the fourth quarter. Franklin Resources Inc. now owns 2,229,725 shares of the industrial products company’s stock valued at $255,736,000 after buying an additional 820,031 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $44,618,000. Janus Capital Management LLC increased its position in shares of Stanley Black & Decker by 54.8% in the fourth quarter. Janus Capital Management LLC now owns 978,983 shares of the industrial products company’s stock valued at $112,280,000 after buying an additional 346,520 shares during the last quarter. Finally, Boston Partners increased its position in shares of Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the last quarter. 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. Stanley Black & Decker, Inc. has a 52 week low of $103.86 and a 52 week high of $140.06. The stock has a 50 day moving average of $136.51 and a 200 day moving average of $127.27.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Friday, April 21st. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.10. The firm 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 firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Wednesday, June 7th will be issued a $0.58 dividend. 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 payout ratio is currently 35.64%.

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 target price 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 boosted their price objective for the company 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 the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 61,504 shares of the company’s stock, valued at $8,340,557.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven J. Stafstrom sold 4,064 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $130.00, for a total value of $528,320.00. Following the completion of the sale, the vice president now directly owns 8,030 shares of the company’s stock, valued at $1,043,900. The disclosure for this sale can be found here. Insiders sold 23,212 shares of company stock valued at $3,096,586 over the last three months. Corporate insiders own 1.80% of the company’s stock.

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