Stanley Black & Decker, Inc. (NYSE:SWK) Position Lifted by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC raised its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 45.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 32,013 shares of the industrial products company’s stock after purchasing an additional 10,013 shares during the period. Chartwell Investment Partners LLC’s holdings in Stanley Black & Decker were worth $4,462,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Stanley Black & Decker by 20.7% in the first quarter. JPMorgan Chase & Co. now owns 8,811,311 shares of the industrial products company’s stock valued at $881,132,000 after buying an additional 1,514,032 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter valued at approximately $64,592,000. The Manufacturers Life Insurance Company lifted its stake in Stanley Black & Decker by 396.1% during the first quarter. The Manufacturers Life Insurance Company now owns 644,000 shares of the industrial products company’s stock worth $64,401,000 after purchasing an additional 514,188 shares during the last quarter. First Trust Advisors LP boosted its holdings in Stanley Black & Decker by 5,084.5% in the first quarter. First Trust Advisors LP now owns 508,702 shares of the industrial products company’s stock worth $50,870,000 after purchasing an additional 498,890 shares during the period. Finally, Pzena Investment Management LLC increased its stake in Stanley Black & Decker by 19.6% during the first quarter. Pzena Investment Management LLC now owns 2,712,644 shares of the industrial products company’s stock valued at $271,264,000 after purchasing an additional 444,064 shares during the last quarter. Institutional investors and hedge funds own 87.10% of the company’s stock.

Several research firms have recently commented on SWK. Deutsche Bank lifted their price target on shares of Stanley Black & Decker from $151.00 to $159.00 and gave the company a “buy” rating in a report on Thursday, June 4th. UBS Group lifted their target price on Stanley Black & Decker from $136.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Bank of America increased their price target on Stanley Black & Decker from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Thursday, May 21st. Wolfe Research raised Stanley Black & Decker from a “peer perform” rating to an “outperform” rating and set a $159.00 price target on the stock in a report on Thursday, June 25th. Finally, Credit Suisse Group boosted their price objective on Stanley Black & Decker from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Stanley Black & Decker currently has an average rating of “Buy” and a consensus target price of $158.06.

Stanley Black & Decker stock opened at $153.32 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $70.00 and a 12-month high of $173.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.59. The stock has a market capitalization of $23.63 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 4.53 and a beta of 1.54. The firm has a 50 day simple moving average of $141.95 and a 200-day simple moving average of $133.11.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, July 30th. The industrial products company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.33. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. Stanley Black & Decker had a return on equity of 13.33% and a net margin of 5.88%. The firm’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 earnings per share. On average, analysts forecast that Stanley Black & Decker, Inc. will post 6.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.70 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 1.83%. Stanley Black & Decker’s dividend payout ratio is 32.86%.

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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