New South Capital Management Inc. decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515,014 shares of the industrial products company’s stock after selling 8,841 shares during the period. Stanley Black & Decker makes up 1.6% of New South Capital Management Inc.’s portfolio, making the stock its 27th largest position. New South Capital Management Inc. owned 0.34% of Stanley Black & Decker worth $68,430,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of SWK. Thompson Davis & CO. Inc. purchased a new stake in Stanley Black & Decker during the first quarter worth $108,000. 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 worth $110,000 after buying an additional 26 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth about $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 worth $104,000 after buying an additional 862 shares during the period. Finally, Coconut Grove Bank increased its position in shares of Stanley Black & Decker by 98.4% in the first quarter. Coconut Grove Bank now owns 1,010 shares of the industrial products company’s stock worth $134,000 after buying an additional 501 shares during the period. Institutional investors own 83.83% of the company’s stock.
Stanley Black & Decker, Inc. (NYSE SWK) traded down 0.89% on Friday, reaching $139.88. The company’s stock had a trading volume of 919,079 shares. The firm has a 50-day moving average price of $143.00 and a 200 day moving average price of $133.63. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32. The firm has a market capitalization of $21.42 billion, a P/E ratio of 17.91 and a beta of 1.10.
Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the firm posted $1.84 EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Stanley Black & Decker, Inc. will post $7.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. Stanley Black & Decker’s payout ratio is 29.74%.
A number of brokerages recently issued reports on SWK. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Thursday, June 22nd. MKM Partners assumed coverage on Stanley Black & Decker in a report on Friday, July 7th. They issued a “buy” rating and a $166.00 price target for the company. FBR & Co reissued an “outperform” rating on shares of Stanley Black & Decker in a report on Tuesday, July 11th. Imperial Capital increased their price objective on Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a report on Tuesday, May 9th. Finally, UBS AG reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Stanley Black & Decker in a report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $153.69.
In other news, SVP Jaime A. Ramirez sold 10,440 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $139.56, for a total value of $1,457,006.40. Following the sale, the senior vice president now owns 41,541 shares of the company’s stock, valued at approximately $5,797,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.15% of the company’s stock.
About Stanley Black & Decker
Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.
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