Dumont & Blake Investment Advisors LLC Has $1.17 Million Holdings in Stanley Black & Decker, Inc. (SWK)

Dumont & Blake Investment Advisors LLC raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,965 shares of the industrial products company’s stock after acquiring an additional 450 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Stanley Black & Decker were worth $1,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWK. Massachusetts Financial Services Co. MA lifted its stake in Stanley Black & Decker by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,776,877 shares of the industrial products company’s stock valued at $634,418,000 after acquiring an additional 974,556 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Stanley Black & Decker by 71.4% in the second quarter. Janus Henderson Group PLC now owns 1,818,994 shares of the industrial products company’s stock valued at $241,581,000 after acquiring an additional 758,031 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Stanley Black & Decker by 1,196.2% in the third quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after acquiring an additional 613,177 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Stanley Black & Decker by 31.1% in the second quarter. Artisan Partners Limited Partnership now owns 1,291,435 shares of the industrial products company’s stock valued at $171,515,000 after acquiring an additional 306,661 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Stanley Black & Decker by 294.1% in the second quarter. FMR LLC now owns 265,563 shares of the industrial products company’s stock worth $35,270,000 after buying an additional 198,170 shares during the last quarter. Hedge funds and other institutional investors own 83.62% of the company’s stock.

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $154.00 price objective on shares of Stanley Black & Decker and gave the stock a “hold” rating in a research note on Tuesday. Wolfe Research assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, June 27th. They issued a “market perform” rating for the company. Wells Fargo & Co reduced their price objective on shares of Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating for the company in a research note on Tuesday, July 17th. Credit Suisse Group set a $160.00 price objective on shares of Stanley Black & Decker and gave the stock a “buy” rating in a research note on Wednesday. Finally, ValuEngine upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $176.94.

In related news, VP Jocelyn Belisle sold 1,185 shares of the company’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $139.04, for a total transaction of $164,762.40. Following the completion of the transaction, the vice president now directly owns 12,766 shares in the company, valued at approximately $1,774,984.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.69% of the stock is owned by corporate insiders.

Shares of Stanley Black & Decker stock traded down $2.35 on Friday, reaching $118.10. The stock had a trading volume of 1,475,800 shares, compared to its average volume of 1,317,585. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.46 and a beta of 0.98. Stanley Black & Decker, Inc. has a fifty-two week low of $117.43 and a fifty-two week high of $176.62. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.54. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a net margin of 7.52% and a return on equity of 16.54%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 8.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s payout ratio is currently 35.44%.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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