Harborview Advisors LLC Sells 170 Shares of Stanley Black & Decker, Inc. (SWK)

Harborview Advisors LLC reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 9.2% during the first quarter, Holdings Channel reports. The fund owned 1,681 shares of the industrial products company’s stock after selling 170 shares during the period. Harborview Advisors LLC’s holdings in Stanley Black & Decker were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SWK. JPMorgan Chase & Co. grew its holdings in shares of Stanley Black & Decker by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock worth $1,840,276,000 after purchasing an additional 1,822,466 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Stanley Black & Decker by 37.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after purchasing an additional 1,772,064 shares during the last quarter. Norges Bank bought a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $164,721,000. Lord Abbett & CO. LLC grew its holdings in shares of Stanley Black & Decker by 271.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,317,416 shares of the industrial products company’s stock worth $157,747,000 after purchasing an additional 962,792 shares during the last quarter. Finally, Pzena Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 222.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,235,984 shares of the industrial products company’s stock worth $147,997,000 after purchasing an additional 852,812 shares during the last quarter. Institutional investors and hedge funds own 88.21% of the company’s stock.

Stanley Black & Decker stock traded down $0.85 on Monday, hitting $144.89. 14,156 shares of the stock traded hands, compared to its average volume of 1,034,996. The company has a current ratio of 1.14, a quick ratio of 0.55 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.95 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.95 and a beta of 1.24. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $157.76.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.01. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.62 billion. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. Stanley Black & Decker’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 EPS. Analysts predict that Stanley Black & Decker, Inc. will post 8.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio is presently 32.39%.

SWK has been the subject of a number of research analyst reports. Wells Fargo & Co dropped their price target on Stanley Black & Decker from $150.00 to $141.00 and set an “outperform” rating for the company in a research note on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price target on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, January 11th. Raymond James reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 23rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Stanley Black & Decker in a research note on Monday, December 31st. Finally, Longbow Research raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and a consensus target price of $155.88.

In other news, EVP Jeffrey D. Ansell sold 9,549 shares of Stanley Black & Decker stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $145.01, for a total value of $1,384,700.49. Following the completion of the transaction, the executive vice president now owns 42,213 shares of the company’s stock, valued at approximately $6,121,307.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total value of $136,260.00. Following the completion of the transaction, the senior vice president now directly owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,164 shares of company stock valued at $3,403,579. 1.03% of the stock is owned by insiders.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil & gas and infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the following three segments: Tools and Storage, Industrial, and Security.

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

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