SG Americas Securities LLC Sells 71,275 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

SG Americas Securities LLC lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 75.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,724 shares of the industrial products company’s stock after selling 71,275 shares during the quarter. SG Americas Securities LLC’s holdings in Stanley Black & Decker were worth $3,286,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Stanley Black & Decker by 2.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 578,332 shares of the industrial products company’s stock valued at $83,633,000 after acquiring an additional 11,523 shares during the period. Advisor Partners LLC boosted its holdings in Stanley Black & Decker by 3.0% during the 2nd quarter. Advisor Partners LLC now owns 4,967 shares of the industrial products company’s stock valued at $718,000 after acquiring an additional 144 shares during the period. Creative Planning boosted its holdings in Stanley Black & Decker by 1.4% during the 2nd quarter. Creative Planning now owns 22,340 shares of the industrial products company’s stock valued at $3,231,000 after acquiring an additional 316 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Stanley Black & Decker by 70.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 4,582 shares of the industrial products company’s stock valued at $662,000 after acquiring an additional 1,897 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Stanley Black & Decker by 124.8% in the 2nd quarter. Ballentine Partners LLC now owns 27,848 shares of the industrial products company’s stock worth $4,027,000 after buying an additional 15,460 shares during the period. 86.28% of the stock is currently owned by hedge funds and other institutional investors.

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

SWK has been the subject of several research reports. Robert W. Baird set a $158.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, April 22nd. Morgan Stanley upped their target price on Stanley Black & Decker from $161.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Gabelli cut 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. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Finally, Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. Stanley Black & Decker has a consensus rating of “Buy” and a consensus target price of $157.06.

SWK opened at $134.29 on Wednesday. The company has a market cap of $20.38 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22. The stock has a fifty day moving average of $144.32.

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 Thomson Reuters’ consensus estimate of $2.55 by $0.11. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 EPS. On average, research analysts forecast that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.69 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio is currently 32.39%.

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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