Bank of New York Mellon Corp Has $222.78 Million Stake in Stanley Black & Decker, Inc. (SWK)

Bank of New York Mellon Corp reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,475,637 shares of the industrial products company’s stock after selling 48,312 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of Stanley Black & Decker worth $222,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SWK. Vanguard Group Inc. raised its position in Stanley Black & Decker by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after purchasing an additional 287,124 shares during the period. Voya Investment Management LLC raised its position in Stanley Black & Decker by 1.3% in the 2nd quarter. Voya Investment Management LLC now owns 1,683,478 shares of the industrial products company’s stock worth $236,916,000 after purchasing an additional 20,995 shares during the period. Pictet Asset Management Ltd. raised its position in Stanley Black & Decker by 45.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after purchasing an additional 335,500 shares during the period. Sanders Capital LLC raised its position in Stanley Black & Decker by 2.7% in the 3rd quarter. Sanders Capital LLC now owns 822,648 shares of the industrial products company’s stock worth $125,927,000 after purchasing an additional 22,000 shares during the period. Finally, Legal & General Group Plc raised its position in Stanley Black & Decker by 10.0% in the 2nd quarter. Legal & General Group Plc now owns 796,706 shares of the industrial products company’s stock worth $112,120,000 after purchasing an additional 72,281 shares during the period. 84.20% of the stock is owned by institutional investors.

In other news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now owns 49,188 shares of the company’s stock, valued at approximately $7,277,856.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James M. Loree sold 70,531 shares of Stanley Black & Decker stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $161.80, for a total transaction of $11,411,915.80. Following the sale, the chief executive officer now directly owns 175,449 shares in the company, valued at approximately $28,387,648.20. The disclosure for this sale can be found here. Insiders have sold a total of 140,257 shares of company stock worth $22,563,420 in the last ninety days. Insiders own 1.15% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (SWK) traded up $1.08 on Monday, hitting $169.81. 1,296,763 shares of the stock were exchanged, compared to its average volume of 960,311. The company has a market cap of $25,875.03, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. Stanley Black & Decker, Inc. has a 52-week low of $114.27 and a 52-week high of $170.90.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.08. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.68 EPS. sell-side analysts expect that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Thursday, November 30th. Stanley Black & Decker’s payout ratio is 31.82%.

A number of equities analysts recently commented on the stock. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a research report on Wednesday, November 1st. Morgan Stanley lifted their target price on shares of Stanley Black & Decker from $150.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Tuesday, September 26th. KeyCorp restated a “buy” rating and issued a $185.00 price objective on shares of Stanley Black & Decker in a research report on Friday, November 17th. Finally, Robert W. Baird boosted their price objective on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Buy” and an average target price of $167.29.

ILLEGAL ACTIVITY WARNING: “Bank of New York Mellon Corp Has $222.78 Million Stake in Stanley Black & Decker, Inc. (SWK)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/12/04/stanley-black-decker-inc-swk-holdings-cut-by-bank-of-new-york-mellon-corp.html.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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