Stanley Black & Decker, Inc. (SWK) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,243 shares of the industrial products company’s stock after purchasing an additional 1,158 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Stanley Black & Decker were worth $1,244,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. BB&T Investment Services Inc. bought a new position in Stanley Black & Decker during the 2nd quarter valued at about $102,000. Acrospire Investment Management LLC grew its holdings in Stanley Black & Decker by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Stanley Black & Decker by 22.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 709 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Stanley Black & Decker by 108.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 533 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in Stanley Black & Decker by 10,027.3% during the 2nd quarter. Sun Life Financial INC now owns 1,114 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 1,103 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

SWK has been the topic of a number of research analyst reports. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. JPMorgan Chase & Co. increased their price objective on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. FBR & Co increased their price objective on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, ValuEngine cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Stanley Black & Decker currently has a consensus rating of “Buy” and an average price target of $169.19.

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 4,182 shares of Stanley Black & Decker stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $162.91, for a total transaction of $681,289.62. Following the transaction, the senior vice president now directly owns 17,253 shares of the company’s stock, valued at $2,810,686.23. 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 5,737 shares of Stanley Black & Decker stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total transaction of $970,700.40. Following the transaction, the executive vice president now directly owns 57,480 shares in the company, valued at $9,725,616. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,606 shares of company stock worth $20,938,546. Insiders own 1.15% of the company’s stock.

Stanley Black & Decker, Inc. (SWK) traded down $0.34 during trading hours on Friday, hitting $169.69. 555,840 shares of the stock traded hands, compared to its average volume of 795,770. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $26,074.39, a P/E ratio of 21.43, a P/E/G ratio of 2.21 and a beta of 1.03. Stanley Black & Decker, Inc. has a 12-month low of $114.27 and a 12-month high of $170.90.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.08. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.15 billion. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $1.68 earnings per share. analysts expect that Stanley Black & Decker, Inc. will post 7.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio is currently 31.82%.

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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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