Dupont Capital Management Corp Sells 2,326 Shares of Stanley Black & Decker, Inc. (SWK)

Dupont Capital Management Corp reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,263 shares of the industrial products company’s stock after selling 2,326 shares during the quarter. Dupont Capital Management Corp’s holdings in Stanley Black & Decker were worth $750,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Legacy Financial Advisors Inc. grew its stake in shares of Stanley Black & Decker by 72.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. CWM LLC grew its stake in shares of Stanley Black & Decker by 40.2% in the fourth quarter. CWM LLC now owns 617 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 177 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Stanley Black & Decker by 8.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,766 shares of the industrial products company’s stock worth $331,000 after purchasing an additional 216 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Stanley Black & Decker by 9.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,071 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 266 shares during the last quarter. Finally, First Hawaiian Bank grew its stake in shares of Stanley Black & Decker by 9.9% in the fourth quarter. First Hawaiian Bank now owns 3,124 shares of the industrial products company’s stock worth $375,000 after purchasing an additional 281 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the transaction, the senior vice president now directly owns 35,048 shares in the company, valued at $4,159,847.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.69% of the stock is currently owned by company insiders.

SWK has been the topic of several recent analyst reports. Credit Suisse Group set a $160.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Gabelli raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Monday, October 22nd. KeyCorp set a $170.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, October 26th. Barclays lowered their price objective on shares of Stanley Black & Decker from $166.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, October 26th. Finally, Wells Fargo & Co lowered their price objective on shares of Stanley Black & Decker from $162.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $156.53.

Shares of SWK opened at $134.28 on Thursday. The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 0.48. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $164.94. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.56 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.01. Stanley Black & Decker had a net margin of 4.62% and a return on equity of 16.29%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.62 billion. During the same period last year, the business posted $2.18 earnings per share. Stanley Black & Decker’s quarterly revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 8.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, March 4th. This represents a $2.64 annualized dividend and a dividend yield of 1.97%. Stanley Black & Decker’s payout ratio is 32.39%.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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