Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Copperwynd Financial LLC

Copperwynd Financial LLC lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,570 shares of the industrial products company’s stock after acquiring an additional 134 shares during the period. Copperwynd Financial LLC’s holdings in Stanley Black & Decker were worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Stanley Black & Decker by 75.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 37,360 shares of the industrial products company’s stock valued at $5,395,000 after acquiring an additional 16,069 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Stanley Black & Decker by 4.3% during the 2nd quarter. Schroder Investment Management Group now owns 22,725 shares of the industrial products company’s stock valued at $3,287,000 after acquiring an additional 940 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Stanley Black & Decker by 5.1% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,041,248 shares of the industrial products company’s stock valued at $150,367,000 after acquiring an additional 50,448 shares in the last quarter. Haverford Financial Services Inc. acquired a new stake in shares of Stanley Black & Decker during the 3rd quarter valued at approximately $433,000. Finally, Andra AP fonden grew its stake in Stanley Black & Decker by 16.7% during the 3rd quarter. Andra AP fonden now owns 29,400 shares of the industrial products company’s stock worth $4,246,000 after buying an additional 4,200 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jeffrey D. Ansell sold 1,333 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $158.23, for a total value of $210,920.59. Following the completion of the transaction, the executive vice president now owns 20,630 shares of the company’s stock, valued at $3,264,284.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Donald Allan sold 2,912 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $155.48, for a total value of $452,757.76. Following the completion of the transaction, the chief financial officer now directly owns 127,403 shares of the company’s stock, valued at approximately $19,808,618.44. The disclosure for this sale can be found here. In the last three months, insiders sold 61,720 shares of company stock valued at $9,846,273. Company insiders own 1.03% of the company’s stock.

A number of brokerages recently commented on SWK. UBS Group began coverage on Stanley Black & Decker in a research note on Thursday, December 12th. They set a “buy” rating and a $200.00 price objective for the company. Barclays downgraded Stanley Black & Decker to an “overweight” rating and upped their price objective for the stock from $161.00 to $175.00 in a research note on Thursday, December 5th. ValuEngine downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Tuesday. Buckingham Research upped their price objective on Stanley Black & Decker from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Wolfe Research set a $160.00 price objective on Stanley Black & Decker and gave the stock a “hold” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and a consensus price target of $166.67.

Shares of NYSE:SWK traded up $0.60 on Thursday, hitting $168.48. The company’s stock had a trading volume of 1,184,824 shares, compared to its average volume of 1,326,928. Stanley Black & Decker, Inc. has a 12 month low of $116.63 and a 12 month high of $173.67. The company has a market capitalization of $25.52 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.41. The stock’s 50-day moving average is $165.36 and its two-hundred day moving average is $150.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 0.98.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.10. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.80%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same quarter in the prior year, the business posted $2.08 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current fiscal year.

Stanley Black & Decker declared that its board has initiated a stock buyback program on Thursday, October 24th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 0.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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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