Stanley Black & Decker, Inc. (SWK) Shares Sold by Boston Family Office LLC

Boston Family Office LLC trimmed its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,393 shares of the industrial products company’s stock after selling 280 shares during the period. Boston Family Office LLC’s holdings in Stanley Black & Decker were worth $871,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SWK. Massachusetts Financial Services Co. MA boosted its stake in Stanley Black & Decker by 37.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after buying an additional 1,772,064 shares during the last quarter. Norges Bank acquired a new stake in Stanley Black & Decker in the 4th quarter worth about $164,721,000. Pzena Investment Management LLC boosted its stake in Stanley Black & Decker by 96.1% in the 1st quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock worth $329,960,000 after buying an additional 1,187,163 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Stanley Black & Decker by 271.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,317,416 shares of the industrial products company’s stock valued at $157,747,000 after purchasing an additional 962,792 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Stanley Black & Decker by 8.5% in the 1st quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock valued at $1,550,513,000 after purchasing an additional 893,269 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SWK opened at $132.80 on Friday. The stock has a market cap of $20.12 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.91, a quick ratio of 0.43 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $155.22.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.10 by $0.32. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.30 billion. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.39 EPS. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 8.63 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.64 annualized dividend and a dividend yield of 1.99%. Stanley Black & Decker’s payout ratio is currently 32.39%.

In related news, EVP Jeffrey D. Ansell sold 9,527 shares of the firm’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $139.80, for a total transaction of $1,331,874.60. Following the sale, the executive vice president now directly owns 61,289 shares in the company, valued at approximately $8,568,202.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Joseph R. Voelker sold 3,488 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $137.48, for a total value of $479,530.24. Following the sale, the senior vice president now owns 22,149 shares in the company, valued at $3,045,044.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,831 shares of company stock worth $18,933,955. Company insiders own 1.03% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Monday, April 8th. Gabelli set a $160.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Deutsche Bank reduced their price objective on Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $159.06.

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Stanley Black & Decker Company 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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