Putnam FL Investment Management Co. Has $18.52 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Putnam FL Investment Management Co. reduced its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,122 shares of the industrial products company’s stock after selling 1,643 shares during the period. Stanley Black & Decker comprises 1.7% of Putnam FL Investment Management Co.’s holdings, making the stock its 13th largest position. Putnam FL Investment Management Co. owned about 0.07% of Stanley Black & Decker worth $18,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Scotia Capital Inc. lifted its position in Stanley Black & Decker by 0.4% during the second quarter. Scotia Capital Inc. now owns 9,655 shares of the industrial products company’s stock worth $1,359,000 after buying an additional 38 shares in the last quarter. Advisory Services Network LLC lifted its position in Stanley Black & Decker by 11.0% during the second quarter. Advisory Services Network LLC now owns 1,739 shares of the industrial products company’s stock worth $245,000 after buying an additional 172 shares in the last quarter. DnB Asset Management AS lifted its position in Stanley Black & Decker by 1.4% during the fourth quarter. DnB Asset Management AS now owns 21,634 shares of the industrial products company’s stock worth $3,671,000 after buying an additional 300 shares in the last quarter. Foyston Gordon & Payne Inc raised its position in Stanley Black & Decker by 1.1% in the third quarter. Foyston Gordon & Payne Inc now owns 29,889 shares of the industrial products company’s stock valued at $4,512,000 after purchasing an additional 318 shares during the period. Finally, Amalgamated Bank raised its position in Stanley Black & Decker by 1.9% in the third quarter. Amalgamated Bank now owns 17,644 shares of the industrial products company’s stock valued at $2,664,000 after purchasing an additional 337 shares during the period. 84.01% of the stock is currently owned by institutional investors.

A number of research firms have commented on SWK. Barclays started coverage on Stanley Black & Decker in a research report on Thursday. They issued an “overweight” rating and a $184.00 target price on the stock. Gabelli reiterated a “hold” rating on shares of Stanley Black & Decker in a report on Monday, January 29th. Morgan Stanley boosted their price objective on Stanley Black & Decker from $172.00 to $189.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. MKM Partners boosted their target price on Stanley Black & Decker from $170.59 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $190.00 target price on shares of Stanley Black & Decker in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $180.13.

Stanley Black & Decker, Inc. (NYSE:SWK) traded down $0.04 on Thursday, reaching $159.23. The company’s stock had a trading volume of 257,793 shares, compared to its average volume of 1,200,286. The company has a current ratio of 1.05, a quick ratio of 0.58 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24,086.95, a P/E ratio of 19.79, a PEG ratio of 1.83 and a beta of 0.97. Stanley Black & Decker, Inc. has a 12-month low of $125.33 and a 12-month high of $176.62.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. Stanley Black & Decker had a return on equity of 15.48% and a net margin of 9.62%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. analysts predict that Stanley Black & Decker, Inc. will post 8.43 earnings per share for the current fiscal year.

In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $169.20, for a total transaction of $970,700.40. Following the completion of the transaction, the executive vice president now directly owns 57,480 shares of the company’s stock, valued at approximately $9,725,616. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.15% of the company’s stock.

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About Stanley Black & Decker

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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