Stanley Black & Decker, Inc. (SWK) Stake Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,788 shares of the industrial products company’s stock after selling 16,379 shares during the quarter. Guggenheim Capital LLC owned about 0.20% of Stanley Black & Decker worth $52,907,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Stanley Black & Decker by 1.5% in the 4th quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock valued at $1,708,022,000 after purchasing an additional 144,926 shares during the last quarter. Wells Fargo & Company MN increased its stake in Stanley Black & Decker by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 4,576,870 shares of the industrial products company’s stock valued at $776,651,000 after buying an additional 104,499 shares during the period. Geode Capital Management LLC increased its stake in Stanley Black & Decker by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 1,690,680 shares of the industrial products company’s stock valued at $286,316,000 after buying an additional 76,100 shares during the period. Fred Alger Management Inc. increased its stake in Stanley Black & Decker by 10.5% in the 4th quarter. Fred Alger Management Inc. now owns 1,637,525 shares of the industrial products company’s stock valued at $277,872,000 after buying an additional 155,382 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its stake in Stanley Black & Decker by 1,171.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,279,391 shares of the industrial products company’s stock valued at $217,099,000 after buying an additional 1,178,751 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

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Several equities analysts have issued reports on SWK shares. ValuEngine cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. UBS began coverage on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. They set a “buy” rating and a $200.00 price target on the stock. Seaport Global Securities reaffirmed a “buy” rating and set a $193.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase reaffirmed a “buy” rating and set a $190.00 price target on shares of Stanley Black & Decker in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $180.35.

NYSE SWK traded down $4.62 during trading hours on Friday, reaching $149.67. The company’s stock had a trading volume of 1,194,917 shares, compared to its average volume of 1,073,761. The stock has a market cap of $23,777.86, a price-to-earnings ratio of 20.09, a PEG ratio of 1.80 and a beta of 0.99. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.38. Stanley Black & Decker, Inc. has a fifty-two week low of $130.04 and a fifty-two week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.04. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.27 billion. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.89%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 EPS. research analysts expect that Stanley Black & Decker, Inc. will post 8.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.68%. Stanley Black & Decker’s dividend payout ratio (DPR) is 33.83%.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $151.44, for a total value of $497,328.96. Following the transaction, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

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Stanley Black & Decker Company 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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