Montecito Bank & Trust Raises Stake in Stanley Black & Decker, Inc. (SWK)

Share on StockTwits

Montecito Bank & Trust grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,964 shares of the industrial products company’s stock after buying an additional 157 shares during the quarter. Montecito Bank & Trust’s holdings in Stanley Black & Decker were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Capital Research Global Investors purchased a new position in Stanley Black & Decker in the third quarter valued at $589,253,000. JPMorgan Chase & Co. boosted its holdings in Stanley Black & Decker by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after purchasing an additional 1,822,466 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Stanley Black & Decker by 1,196.2% in the third quarter. Cornerstone Wealth Management LLC now owns 664,439 shares of the industrial products company’s stock valued at $4,241,000 after purchasing an additional 613,177 shares during the period. Wells Fargo & Company MN boosted its holdings in Stanley Black & Decker by 12.8% in the third quarter. Wells Fargo & Company MN now owns 4,841,927 shares of the industrial products company’s stock valued at $709,052,000 after purchasing an additional 548,025 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in Stanley Black & Decker by 61.9% in the third quarter. TIAA CREF Investment Management LLC now owns 890,692 shares of the industrial products company’s stock valued at $130,433,000 after purchasing an additional 340,669 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 600 shares of Stanley Black & Decker stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $118.69, for a total transaction of $71,214.00. Following the completion of the sale, the senior vice president now directly owns 35,048 shares of the company’s stock, valued at approximately $4,159,847.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Shares of NYSE SWK opened at $126.82 on Monday. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 0.48. Stanley Black & Decker, Inc. has a 1 year low of $106.41 and a 1 year high of $164.94.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.01. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.62 billion. Stanley Black & Decker had a return on equity of 16.29% and a net margin of 4.62%. Stanley Black & Decker’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.18 EPS. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post 8.56 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Credit Suisse Group set a $155.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a report on Friday, January 11th. Robert W. Baird upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $154.00 target price for the company in a report on Monday, December 3rd. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Finally, Buckingham Research set a $133.00 target price on Stanley Black & Decker and gave the company a “hold” rating in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $156.53.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://weekherald.com/2019/02/11/montecito-bank-trust-raises-stake-in-stanley-black-decker-inc-swk.html.

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.

Featured Story: Why is cost of goods sold important?

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

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