Raymond James Trust N.A. Sells 1,003 Shares of Stanley Black & Decker, Inc. (SWK)

Raymond James Trust N.A. decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 32.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,087 shares of the industrial products company’s stock after selling 1,003 shares during the period. Raymond James Trust N.A.’s holdings in Stanley Black & Decker were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SWK. Proficio Capital Partners LLC increased its stake in Stanley Black & Decker by 370.5% during the fourth quarter. Proficio Capital Partners LLC now owns 207 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 163 shares during the last quarter. Truvestments Capital LLC bought a new stake in Stanley Black & Decker during the first quarter valued at $27,000. Legacy Financial Advisors Inc. grew its position in shares of Stanley Black & Decker by 72.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 330 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 139 shares during the last quarter. Lindbrook Capital LLC bought a new position in shares of Stanley Black & Decker during the fourth quarter worth about $41,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.

In related news, EVP Jeffrey D. Ansell sold 9,527 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $139.80, for a total value of $1,331,874.60. Following the completion of the sale, the executive vice president now owns 61,289 shares of the company’s stock, valued at $8,568,202.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Ansell sold 9,549 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $145.01, for a total transaction of $1,384,700.49. Following the completion of the sale, the executive vice president now directly owns 42,213 shares of the company’s stock, valued at $6,121,307.13. The disclosure for this sale can be found here. Insiders sold 24,164 shares of company stock valued at $3,403,579 in the last ninety days. Corporate insiders own 1.03% of the company’s stock.

SWK stock opened at $145.74 on Monday. The stock has a market capitalization of $22.06 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.95 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $106.41 and a fifty-two week high of $157.76. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 0.55.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Monday, June 3rd. Stanley Black & Decker’s payout ratio is currently 32.39%.

Several equities analysts have recently commented on the stock. Buckingham Research upped their price target on shares of Stanley Black & Decker from $122.00 to $148.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Zacks Investment Research lowered shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. Barclays upped their price target on shares of Stanley Black & Decker from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Longbow Research upgraded shares of Stanley Black & Decker from a “neutral” rating to a “buy” rating and set a $160.00 price target for the company in a research report on Friday, March 22nd. Finally, Wells Fargo & Co upped their price target on shares of Stanley Black & Decker from $141.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Stanley Black & Decker currently has a consensus rating of “Buy” and a consensus target price of $155.88.

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Stanley Black & Decker 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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