Commerzbank Aktiengesellschaft FI Has $1.08 Million Holdings in Stanley Black & Decker, Inc. (SWK)

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Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 24.4% in the second quarter, HoldingsChannel.com reports. The fund owned 8,125 shares of the industrial products company’s stock after selling 2,626 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Stanley Black & Decker were worth $1,079,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mount Yale Investment Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $117,000. Signaturefd LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $153,000. Dupont Capital Management Corp acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $177,000. Intact Investment Management Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at $213,000. Finally, Lido Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the first quarter valued at $214,000. Institutional investors own 83.67% of the company’s stock.

SWK has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Stanley Black & Decker from $172.00 to $176.00 and gave the company a “$138.69” rating in a report on Monday, July 23rd. Zacks Investment Research lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Morgan Stanley cut their price objective on Stanley Black & Decker from $162.00 to $161.00 and set a “$138.69” rating for the company in a report on Monday, July 23rd. Barclays cut their price objective on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating for the company in a report on Monday, July 9th. Finally, B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a report on Thursday, June 7th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $179.27.

Shares of NYSE SWK opened at $139.20 on Friday. Stanley Black & Decker, Inc. has a 12 month low of $130.56 and a 12 month high of $176.62. The firm has a market cap of $21.56 billion, a PE ratio of 17.42, a P/E/G ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.94 and a quick ratio of 0.51.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Friday, July 20th. The industrial products company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.03 by $0.54. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same period in the prior year, the business posted $0.58 earnings per share. Stanley Black & Decker’s revenue was up 10.9% compared to the same quarter last year. research analysts anticipate that Stanley Black & Decker, Inc. will post 8.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.90%. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, September 6th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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

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