The Stanley Black & Decker, Inc. (SWK) Position Reduced by Knowledge Leaders Capital LLC

The Stanley Black & Decker, Inc. (SWK) Position Reduced by Knowledge Leaders Capital LLC

Knowledge Leaders Capital LLC reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,898 shares of the industrial products company’s stock after selling 10,110 shares during the quarter. Stanley Black & Decker comprises approximately 2.4% of Knowledge Leaders Capital LLC’s holdings, making the stock its 6th largest position. Knowledge Leaders Capital LLC’s holdings in Stanley Black & Decker were worth $4,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of SWK. Fred Alger Management Inc. grew its stake in Stanley Black & Decker by 275.0% during the 2nd quarter. Fred Alger Management Inc. now owns 701,930 shares of the industrial products company’s stock worth $98,783,000 after buying an additional 514,773 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in Stanley Black & Decker by 4,009.6% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock worth $46,089,000 after buying an additional 319,528 shares during the last quarter. Vanguard Group Inc. grew its stake in Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock worth $1,603,865,000 after buying an additional 287,124 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Stanley Black & Decker during the 2nd quarter worth $34,675,000. Finally, State Street Corp grew its stake in Stanley Black & Decker by 3.2% during the 1st quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock worth $1,040,211,000 after buying an additional 244,854 shares during the last quarter. Hedge funds and other institutional investors own 83.76% of the company’s stock.

Stanley Black & Decker, Inc. (NYSE SWK) traded up 0.84% on Thursday, hitting $164.91. The stock had a trading volume of 292,796 shares. The firm’s 50-day moving average price is $153.29 and its 200-day moving average price is $143.02. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $166.70. The firm has a market cap of $25.26 billion, a P/E ratio of 21.12 and a beta of 1.06.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.08. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period last year, the firm posted $1.68 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post $7.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be paid a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.54%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 32.31%.

A number of research analysts recently commented on SWK shares. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a research note on Monday, August 28th. BidaskClub downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. MKM Partners started coverage on Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 price objective for the company. Finally, KeyCorp upped their price objective on Stanley Black & Decker from $160.00 to $185.00 and gave the stock a “hold” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $165.65.

In other news, SVP Joseph R. Voelker sold 10,432 shares of Stanley Black & Decker stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total value of $1,566,364.80. Following the completion of the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at approximately $3,875,371.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction on Friday, September 8th. The shares were sold at an average price of $147.96, for a total value of $1,029,209.76. Following the completion of the sale, the insider now directly owns 49,188 shares of the company’s stock, valued at $7,277,856.48. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Stanley Black & Decker Company Profile

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.

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