First Trust Advisors LP Buys 36,798 Shares of Stanley Black & Decker, Inc. (SWK)

First Trust Advisors LP increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 49.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,525 shares of the industrial products company’s stock after purchasing an additional 36,798 shares during the quarter. First Trust Advisors LP owned about 0.07% of Stanley Black & Decker worth $16,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Diamant Asset Management Inc. purchased a new position in shares of Stanley Black & Decker in the third quarter valued at $1,224,000. Davis Rea LTD. grew its position in Stanley Black & Decker by 1.4% during the third quarter. Davis Rea LTD. now owns 41,813 shares of the industrial products company’s stock worth $6,123,000 after buying an additional 576 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in Stanley Black & Decker by 95.7% during the third quarter. Duncker Streett & Co. Inc. now owns 10,878 shares of the industrial products company’s stock worth $1,593,000 after buying an additional 5,320 shares in the last quarter. Delta Asset Management LLC TN grew its position in Stanley Black & Decker by 1.7% during the third quarter. Delta Asset Management LLC TN now owns 241,033 shares of the industrial products company’s stock worth $35,297,000 after buying an additional 4,144 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its position in Stanley Black & Decker by 16.6% during the third quarter. IFM Investors Pty Ltd now owns 8,149 shares of the industrial products company’s stock worth $1,193,000 after buying an additional 1,159 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.

Shares of SWK stock opened at $125.74 on Friday. 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 12-month low of $106.41 and a 12-month high of $176.62. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.65 and a beta of 1.32.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders 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 2.10%. The ex-dividend date of this dividend is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 35.44%.

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

Several equities analysts recently commented on SWK shares. Robert W. Baird set a $154.00 target price on Stanley Black & Decker and gave the stock a “hold” rating in a research report on Tuesday, October 16th. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Credit Suisse Group started coverage on Stanley Black & Decker in a research report on Monday, September 17th. They set an “outperform” rating and a $170.00 target price for the company. Macquarie set a $140.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $163.29.

TRADEMARK VIOLATION NOTICE: “First Trust Advisors LP Buys 36,798 Shares of Stanley Black & Decker, Inc. (SWK)” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2018/11/10/first-trust-advisors-lp-buys-36798-shares-of-stanley-black-decker-inc-swk.html.

Stanley Black & Decker Company Profile

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.

Read More: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply