Pzena Investment Management LLC Has $347.84 Million Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Pzena Investment Management LLC cut its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,405,357 shares of the industrial products company’s stock after selling 17,790 shares during the period. Stanley Black & Decker accounts for 1.8% of Pzena Investment Management LLC’s holdings, making the stock its 22nd largest position. Pzena Investment Management LLC owned about 1.59% of Stanley Black & Decker worth $347,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Stanley Black & Decker by 16.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,486 shares of the industrial products company’s stock worth $231,995,000 after buying an additional 269,736 shares during the period. Geode Capital Management LLC increased its holdings in Stanley Black & Decker by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock worth $232,748,000 after buying an additional 109,205 shares during the period. Two Sigma Advisers LP acquired a new position in Stanley Black & Decker in the 4th quarter worth approximately $287,000. Truvestments Capital LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $27,000. Finally, Virtu Financial LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter worth approximately $284,000. Hedge funds and other institutional investors own 86.28% of the company’s stock.

SWK stock traded up $2.77 during midday trading on Friday, reaching $134.22. The stock had a trading volume of 268,591 shares, compared to its average volume of 1,203,213. The company’s fifty day simple moving average is $143.88 and its 200 day simple moving average is $139.08. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $155.22.

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

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

A number of brokerages have recently commented on SWK. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Friday, June 14th. Barclays raised their price objective on shares of Stanley Black & Decker from $145.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Bank of America began coverage on shares of Stanley Black & Decker in a research note on Friday, June 21st. They set an “underperform” rating and a $140.00 price objective on the stock. Finally, TheStreet raised shares of Stanley Black & Decker from a “c+” rating to a “b” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $157.06.

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

About Stanley Black & Decker

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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