Hanson McClain Inc. Sells 154 Shares of Stanley Black & Decker, Inc. (SWK)

Hanson McClain Inc. lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 9.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,451 shares of the industrial products company’s stock after selling 154 shares during the quarter. Hanson McClain Inc.’s holdings in Stanley Black & Decker were worth $198,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Stanley Black & Decker by 17.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after purchasing an additional 1,822,466 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Stanley Black & Decker by 37.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock valued at $777,167,000 after purchasing an additional 1,772,064 shares in the last quarter. Norges Bank acquired a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $164,721,000. Pzena Investment Management LLC grew its stake in Stanley Black & Decker by 96.1% during the 1st quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after purchasing an additional 1,187,163 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in Stanley Black & Decker by 271.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,317,416 shares of the industrial products company’s stock valued at $157,747,000 after purchasing an additional 962,792 shares in the last quarter. Institutional investors and hedge funds own 89.49% of the company’s stock.

A number of equities research analysts have weighed in on SWK shares. ValuEngine lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Credit Suisse Group set a $155.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Deutsche Bank set a $137.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, TheStreet downgraded Stanley Black & Decker from a “b-” rating to a “c+” rating in a report on Tuesday, January 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $157.13.

In related news, SVP Jaime A. Ramirez sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total value of $136,260.00. Following the sale, the senior vice president now owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO James M. Loree sold 56,699 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $145.14, for a total value of $8,229,292.86. Following the completion of the sale, the chief executive officer now directly owns 88,854 shares in the company, valued at approximately $12,896,269.56. The disclosure for this sale can be found here. In the last three months, insiders sold 129,831 shares of company stock worth $18,933,275. Company insiders own 1.03% of the company’s stock.

NYSE:SWK opened at $138.36 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.43 and a current ratio of 0.91. Stanley Black & Decker, Inc. has a 52 week low of $106.41 and a 52 week high of $155.22. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.97 and a beta of 1.25.

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

The business also recently declared 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 dividend yield of 1.91%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

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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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