Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Cypress Capital Management LLC

Cypress Capital Management LLC grew its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 37,100 shares of the industrial products company’s stock after buying an additional 70 shares during the quarter. Cypress Capital Management LLC’s holdings in Stanley Black & Decker were worth $7,408,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Alpha DNA Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 294.3% during the first quarter. Alpha DNA Investment Management LLC now owns 138 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 103 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Stanley Black & Decker during the first quarter worth about $33,000. Oxler Private Wealth LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $35,000. CX Institutional grew its holdings in shares of Stanley Black & Decker by 34.6% during the first quarter. CX Institutional now owns 241 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 62 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth about $48,000. 87.02% of the stock is currently owned by institutional investors.

NYSE:SWK traded down $0.93 during mid-day trading on Friday, reaching $203.07. The stock had a trading volume of 5,028 shares, compared to its average volume of 1,227,041. The firm’s 50 day moving average price is $209.35. Stanley Black & Decker, Inc. has a twelve month low of $124.74 and a twelve month high of $225.00. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 0.43. The stock has a market cap of $32.79 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, April 27th. The industrial products company reported $3.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.57. Stanley Black & Decker had a net margin of 10.18% and a return on equity of 19.02%. The company had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $1.20 EPS. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, equities research analysts forecast that Stanley Black & Decker, Inc. will post 10.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 22nd. Stockholders of record on Tuesday, June 8th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.38%. Stanley Black & Decker’s payout ratio is 30.97%.

In other news, EVP Jeffrey D. Ansell sold 3,304 shares of Stanley Black & Decker stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $190.53, for a total transaction of $629,511.12. Following the completion of the sale, the executive vice president now directly owns 25,090 shares in the company, valued at approximately $4,780,397.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Janet Link sold 7,446 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $209.03, for a total transaction of $1,556,437.38. Following the sale, the senior vice president now owns 29,461 shares of the company’s stock, valued at $6,158,232.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,065 shares of company stock valued at $3,932,015. Insiders own 0.93% of the company’s stock.

SWK has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Stanley Black & Decker from $200.00 to $206.00 and gave the stock a “neutral” rating in a report on Wednesday, April 7th. Barclays raised their price target on Stanley Black & Decker from $214.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, April 6th. Bank of America raised Stanley Black & Decker from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $185.00 to $205.00 in a report on Friday, March 12th. Robert W. Baird reissued a “buy” rating on shares of Stanley Black & Decker in a report on Tuesday, May 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Stanley Black & Decker from $215.00 to $221.00 and gave the stock a “buy” rating in a report on Tuesday, April 13th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $209.82.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in the 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.

Further Reading: Golden Cross

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

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