Stanley Black & Decker, Inc. (SWK) Shares Sold by Pzena Investment Management LLC

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Pzena Investment Management LLC reduced its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 868,306 shares of the industrial products company’s stock after selling 367,280 shares during the quarter. Pzena Investment Management LLC owned about 0.57% of Stanley Black & Decker worth $131,088,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BB&T Investment Services Inc. acquired a new stake in shares of Stanley Black & Decker in the second quarter valued at approximately $102,000. Acrospire Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 400 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of Stanley Black & Decker by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 23 shares during the period. Independent Portfolio Consultants Inc. boosted its holdings in shares of Stanley Black & Decker by 87.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 986 shares of the industrial products company’s stock valued at $139,000 after acquiring an additional 461 shares during the period. Finally, Thompson Davis & CO. Inc. boosted its holdings in shares of Stanley Black & Decker by 108.8% in the third quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 533 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

In other Stanley Black & Decker news, insider John H. Wyatt sold 6,956 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jocelyn Belisle sold 6,845 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $164.79, for a total value of $1,127,987.55. Following the completion of the sale, the vice president now directly owns 21,449 shares in the company, valued at approximately $3,534,580.71. The disclosure for this sale can be found here. Insiders sold 110,167 shares of company stock valued at $17,655,441 in the last quarter. 1.15% of the stock is currently owned by company insiders.

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SWK has been the subject of several research analyst reports. Robert W. Baird reissued a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a report on Monday, August 28th. Northcoast Research started coverage on Stanley Black & Decker in a research note on Friday, October 20th. They set a “buy” rating and a $193.00 price target for the company. FBR & Co upped their price target on Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, BidaskClub cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $167.29.

Stanley Black & Decker, Inc. (NYSE SWK) traded up $0.59 during trading hours on Friday, reaching $163.44. The company’s stock had a trading volume of 137,500 shares, compared to its average volume of 968,508. The stock has a market capitalization of $25,413.44, a PE ratio of 23.81, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.26 and a quick ratio of 0.69. Stanley Black & Decker, Inc. has a 1 year low of $114.27 and a 1 year high of $168.25.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.08. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. Stanley Black & Decker’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 7.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, November 30th. Stanley Black & Decker’s payout ratio is 31.82%.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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




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