Stanley Black & Decker, Inc. (NYSE:SWK) Position Increased by Bessemer Group Inc.

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Bessemer Group Inc. boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 67.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 748 shares of the industrial products company’s stock after purchasing an additional 300 shares during the quarter. Bessemer Group Inc.’s holdings in Stanley Black & Decker were worth $108,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its stake in shares of Stanley Black & Decker by 0.7% in the first quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock valued at $233,244,000 after purchasing an additional 12,223 shares during the period. King Luther Capital Management Corp raised its holdings in Stanley Black & Decker by 3.1% in the first quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock valued at $12,133,000 after acquiring an additional 2,665 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Stanley Black & Decker in the first quarter valued at $470,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Stanley Black & Decker in the second quarter valued at $210,000. Finally, DNB Asset Management AS raised its holdings in Stanley Black & Decker by 9.4% in the second quarter. DNB Asset Management AS now owns 32,646 shares of the industrial products company’s stock valued at $4,721,000 after acquiring an additional 2,817 shares in the last quarter. Hedge funds and other institutional investors own 86.28% of the company’s stock.

Several analysts recently issued reports on the stock. TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Wednesday, April 24th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Bank of America assumed coverage on shares of Stanley Black & Decker in a report on Friday, June 21st. They issued an “underperform” rating and a $140.00 price target on the stock. Finally, Buckingham Research upped their price target on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.06.

Shares of NYSE:SWK opened at $131.45 on Friday. The company’s fifty day moving average is $143.88 and its two-hundred day moving average is $139.08. The stock has a market capitalization of $20.36 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. Stanley Black & Decker, Inc. has a 1-year low of $106.41 and a 1-year high of $155.22.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.55 by $0.11. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 earnings per share. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.69 per share. The ex-dividend date is Friday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.10%. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the transaction, the senior vice president now owns 45,706 shares in the company, valued at $6,903,434.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jaime A. Ramirez sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total transaction of $136,940.00. Following the transaction, the senior vice president now owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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