SG Americas Securities LLC Has $699,000 Position in Stanley Black & Decker, Inc. (SWK)

SG Americas Securities LLC reduced its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 93.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,627 shares of the industrial products company’s stock after selling 66,699 shares during the quarter. SG Americas Securities LLC’s holdings in Stanley Black & Decker were worth $699,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker during the 2nd quarter valued at $102,000. Acrospire Investment Management LLC increased its position in shares of 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. increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. 84.20% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on SWK shares. Morgan Stanley raised their target price on Stanley Black & Decker from $150.00 to $154.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Robert W. Baird reissued a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 28th. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, September 26th. KeyCorp lifted their price objective on Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a report on Friday, October 13th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $175.00 price objective (up previously from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $167.29.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) traded up $0.13 during midday trading on Thursday, reaching $168.47. The company’s stock had a trading volume of 584,400 shares, compared to its average volume of 959,528. Stanley Black & Decker, Inc. has a fifty-two week low of $114.27 and a fifty-two week high of $170.90. 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 company has a market cap of $25,815.22, a P/E ratio of 24.19, a P/E/G ratio of 2.19 and a beta of 1.03.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company earned $1.68 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. equities research analysts predict that Stanley Black & Decker, Inc. will post 7.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.50%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 31.82%.

In other news, CFO Donald Allan sold 30,090 shares of Stanley Black & Decker stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $163.11, for a total transaction of $4,907,979.90. Following the completion of the sale, the chief financial officer now owns 129,203 shares in the company, valued at approximately $21,074,301.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Joseph R. Voelker sold 10,432 shares of Stanley Black & Decker stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $150.15, for a total value of $1,566,364.80. Following the sale, the senior vice president now owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,257 shares of company stock valued at $22,563,420. Corporate insiders own 1.15% of the company’s stock.

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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.

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

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