The Strs Ohio Has $2,334,000 Position in Stanley Black & Decker Inc. (SWK)

The Strs Ohio Has $2,334,000 Position in Stanley Black & Decker Inc. (SWK)

Strs Ohio lowered its stake in shares of Stanley Black & Decker Inc. (NYSE:SWK) by 9.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,979 shares of the company’s stock after selling 2,037 shares during the period. Strs Ohio’s holdings in Stanley Black & Decker were worth $2,334,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SWK. Numeric Investors LLC boosted its stake in Stanley Black & Decker by 15,924.1% in the second quarter. Numeric Investors LLC now owns 464,700 shares of the company’s stock valued at $51,684,000 after buying an additional 461,800 shares during the period. British Airways Pensions Investment Management Ltd bought a new stake in Stanley Black & Decker during the second quarter valued at $25,594,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Stanley Black & Decker during the second quarter valued at $15,096,000. Boston Advisors LLC boosted its stake in Stanley Black & Decker by 1,401.1% in the third quarter. Boston Advisors LLC now owns 133,117 shares of the company’s stock valued at $16,371,000 after buying an additional 124,249 shares during the period. Finally, Bank of Montreal Can boosted its stake in Stanley Black & Decker by 136.5% in the third quarter. Bank of Montreal Can now owns 205,014 shares of the company’s stock valued at $25,213,000 after buying an additional 118,326 shares during the period. Hedge funds and other institutional investors own 83.17% of the company’s stock.

Shares of Stanley Black & Decker Inc. (NYSE:SWK) traded down 0.45% during midday trading on Thursday, reaching $119.66. 637,269 shares of the company’s stock were exchanged. The stock has a market cap of $18.03 billion, a PE ratio of 18.20 and a beta of 1.14. The stock’s 50 day moving average is $117.94 and its 200-day moving average is $119.84. Stanley Black & Decker Inc. has a 12-month low of $88.72 and a 12-month high of $126.72.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.06. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.89 billion. Stanley Black & Decker had a net margin of 8.61% and a return on equity of 16.77%. Stanley Black & Decker’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. On average, equities analysts expect that Stanley Black & Decker Inc. will post $6.49 EPS for the current year.

SWK has been the topic of several research reports. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Monday, September 26th. Imperial Capital restated an “in-line” rating and set a $125.00 price objective on shares of Stanley Black & Decker in a research report on Tuesday, October 18th. Finally, Macquarie started coverage on shares of Stanley Black & Decker in a research report on Friday, December 16th. They set an “outperform” rating and a $137.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $119.73.

In related news, insider James J. Cannon sold 457 shares of the company’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $118.65, for a total transaction of $54,223.05. Following the sale, the insider now owns 41,805 shares of the company’s stock, valued at $4,960,163.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael David Hankin purchased 450 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were acquired at an average cost of $114.54 per share, for a total transaction of $51,543.00. Following the purchase, the director now owns 900 shares of the company’s stock, valued at $103,086. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 124,000 shares of company stock worth $15,506,008. 1.80% of the stock is owned by insiders.

Stanley Black & Decker Company Profile

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

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