Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Sky Investment Group LLC

Sky Investment Group LLC boosted its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,647 shares of the industrial products company’s stock after acquiring an additional 513 shares during the period. Stanley Black & Decker makes up approximately 1.7% of Sky Investment Group LLC’s investment portfolio, making the stock its 25th largest holding. Sky Investment Group LLC’s holdings in Stanley Black & Decker were worth $4,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd boosted its holdings in shares of Stanley Black & Decker by 0.9% during the first quarter. Gulf International Bank UK Ltd now owns 38,828 shares of the industrial products company’s stock worth $5,287,000 after acquiring an additional 350 shares during the period. Pennsylvania Trust Co boosted its holdings in shares of Stanley Black & Decker by 3.8% during the first quarter. Pennsylvania Trust Co now owns 77,991 shares of the industrial products company’s stock worth $10,620,000 after acquiring an additional 2,875 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Stanley Black & Decker by 9.9% during the first quarter. IFM Investors Pty Ltd now owns 9,785 shares of the industrial products company’s stock worth $1,332,000 after acquiring an additional 878 shares during the period. Appleton Partners Inc. MA bought a new stake in shares of Stanley Black & Decker during the first quarter worth approximately $277,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Stanley Black & Decker by 3.2% during the first quarter. Nisa Investment Advisors LLC now owns 57,498 shares of the industrial products company’s stock worth $7,830,000 after acquiring an additional 1,800 shares during the period. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

SWK traded down $0.33 during trading on Friday, hitting $142.19. 1,451,894 shares of the stock traded hands, compared to its average volume of 1,408,521. The company has a market cap of $21.55 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.43. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $155.22.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.32. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a net margin of 4.57% and a return on equity of 17.01%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share. On average, analysts expect that Stanley Black & Decker, Inc. will post 8.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.86%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 32.39%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Buckingham Research boosted their price target on Stanley Black & Decker from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Stanley Black & Decker currently has an average rating of “Buy” and a consensus target price of $157.13.

In related news, insider Robert H. Raff, Jr. sold 6,179 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $151.66, for a total value of $937,107.14. Following the transaction, the insider now owns 14,116 shares of the company’s stock, valued at approximately $2,140,832.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Joseph R. Voelker sold 3,488 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $137.48, for a total transaction of $479,530.24. Following the completion of the transaction, the senior vice president now directly owns 22,149 shares in the company, valued at approximately $3,045,044.52. The disclosure for this sale can be found here. Insiders have sold a total of 129,831 shares of company stock worth $18,933,275 in the last three months. Insiders own 1.03% of the company’s stock.

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About Stanley Black & Decker

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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