Stanley Black & Decker, Inc. (SWK) Position Lowered by Bokf Na

Bokf Na reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,160 shares of the industrial products company’s stock after selling 1,045 shares during the quarter. Bokf Na’s holdings in Stanley Black & Decker were worth $1,696,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. North Fourth Asset Management LP acquired a new position in shares of Stanley Black & Decker in the third quarter worth approximately $1,464,000. Oakbrook Investments LLC lifted its stake in Stanley Black & Decker by 317.8% in the fourth quarter. Oakbrook Investments LLC now owns 7,829 shares of the industrial products company’s stock valued at $937,000 after buying an additional 5,955 shares during the period. Lindbrook Capital LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $41,000. Calamos Wealth Management LLC acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $2,022,000. Finally, Twin Capital Management Inc. acquired a new position in Stanley Black & Decker in the fourth quarter valued at approximately $2,531,000. 87.53% of the stock is currently owned by institutional investors.

Shares of NYSE:SWK opened at $131.51 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a twelve month low of $106.41 and a twelve month high of $161.91. The company has a market cap of $19.98 billion, a PE ratio of 16.14, a PEG ratio of 1.64 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.01. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same period in the prior year, the firm earned $2.18 earnings per share. Stanley Black & Decker’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts predict that Stanley Black & Decker, Inc. will post 8.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, March 4th. Stanley Black & Decker’s payout ratio is 32.39%.

In other news, SVP Jaime A. Ramirez sold 600 shares of the company’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the transaction, the senior vice president now directly owns 35,048 shares of the company’s stock, valued at $4,159,847.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Ansell sold 9,527 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $139.80, for a total value of $1,331,874.60. Following the transaction, the executive vice president now directly owns 61,289 shares in the company, valued at $8,568,202.20. The disclosure for this sale can be found here. Insiders have sold 14,615 shares of company stock worth $2,018,879 over the last ninety days. 1.03% of the stock is owned by insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. Wells Fargo & Co boosted their price target on Stanley Black & Decker from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Credit Suisse Group set a $155.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a research note on Friday, January 11th. Robert W. Baird raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $154.00 price target on the stock in a research note on Monday, December 3rd. Finally, Buckingham Research set a $133.00 price target on Stanley Black & Decker and gave the company a “hold” rating in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $154.69.

TRADEMARK VIOLATION WARNING: “Stanley Black & Decker, Inc. (SWK) Position Lowered by Bokf Na” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2019/03/17/stanley-black-decker-inc-swk-position-lowered-by-bokf-na.html.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

Featured Story: What is the downside to momentum investing?

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