Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Westpac Banking Corp

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Westpac Banking Corp grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 40.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,143 shares of the industrial products company’s stock after acquiring an additional 4,370 shares during the period. Westpac Banking Corp’s holdings in Stanley Black & Decker were worth $2,190,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Northern Trust Corp raised its position in shares of Stanley Black & Decker by 0.7% during the 1st quarter. Northern Trust Corp now owns 1,712,882 shares of the industrial products company’s stock worth $233,244,000 after purchasing an additional 12,223 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Stanley Black & Decker by 3.1% in the 1st quarter. King Luther Capital Management Corp now owns 89,099 shares of the industrial products company’s stock valued at $12,133,000 after acquiring an additional 2,665 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Stanley Black & Decker in the 1st quarter valued at about $470,000. Ferguson Wellman Capital Management Inc. acquired a new stake in Stanley Black & Decker in the 2nd quarter valued at about $210,000. Finally, DNB Asset Management AS raised its holdings in Stanley Black & Decker by 9.4% in the 2nd quarter. DNB Asset Management AS now owns 32,646 shares of the industrial products company’s stock valued at $4,721,000 after acquiring an additional 2,817 shares during the last quarter. Institutional investors and hedge funds own 86.28% of the company’s stock.

In other news, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $136.94, for a total value of $136,940.00. Following the completion of the sale, the senior vice president now owns 38,356 shares of the company’s stock, valued at approximately $5,252,470.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total transaction of $1,487,744.00. Following the completion of the sale, the senior vice president now directly owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

Shares of Stanley Black & Decker stock traded up $2.37 during mid-day trading on Friday, hitting $133.82. The stock had a trading volume of 886,900 shares, compared to its average volume of 1,182,160. The firm has a 50-day moving average of $143.68 and a two-hundred day moving average of $139.06. Stanley Black & Decker, Inc. has a 12-month low of $106.41 and a 12-month high of $155.22. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.52. The firm has a market cap of $19.95 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.36.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the company posted $2.57 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 8.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.69 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.76 annualized dividend and a dividend yield of 2.06%. Stanley Black & Decker’s dividend payout ratio is 32.39%.

SWK has been the subject of a number of recent research reports. Buckingham Research increased their price objective on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Gabelli downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Stanley Black & Decker from $161.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, TheStreet upgraded shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. Stanley Black & Decker has an average rating of “Buy” and a consensus target price of $157.06.

Stanley Black & Decker Profile

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.

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

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