Stanley Black & Decker, Inc. (SWK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,200,751 shares of the industrial products company’s stock after selling 170,496 shares during the period. Bank of New York Mellon Corp owned 0.78% of Stanley Black & Decker worth $159,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its holdings in shares of Stanley Black & Decker by 22.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,527 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 464 shares in the last quarter. Aristotle Atlantic Partners LLC grew its holdings in shares of Stanley Black & Decker by 30.3% during the 2nd quarter. Aristotle Atlantic Partners LLC now owns 2,066 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 481 shares in the last quarter. Bollard Group LLC grew its holdings in shares of Stanley Black & Decker by 1.2% during the 2nd quarter. Bollard Group LLC now owns 41,827 shares of the industrial products company’s stock valued at $5,555,000 after acquiring an additional 485 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Stanley Black & Decker by 2.6% during the 2nd quarter. Amalgamated Bank now owns 19,876 shares of the industrial products company’s stock valued at $2,640,000 after acquiring an additional 495 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of Stanley Black & Decker by 8.8% during the 2nd quarter. Diversified Trust Co now owns 6,212 shares of the industrial products company’s stock valued at $825,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Several research firms have recently commented on SWK. Macquarie set a $140.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research cut shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. Morgan Stanley lowered their price target on shares of Stanley Black & Decker from $164.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, October 29th. UBS Group set a $173.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Friday, October 26th. Finally, Nomura lowered their price target on shares of Stanley Black & Decker from $188.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Stanley Black & Decker has an average rating of “Buy” and an average target price of $165.00.

SWK stock opened at $124.24 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.92 and a quick ratio of 0.48. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $176.62. The firm has a market capitalization of $18.77 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Thursday, October 25th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.59 billion. Equities analysts forecast that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Friday, November 30th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio is 35.44%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 8,251 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $111.29, for a total transaction of $918,253.79. Following the completion of the transaction, the senior vice president now owns 36,566 shares of the company’s stock, valued at approximately $4,069,430.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jocelyn Belisle sold 1,185 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the transaction, the vice president now directly owns 12,766 shares of the company’s stock, valued at approximately $1,774,984.64. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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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