Kinloch Capital LLC Buys 141 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Kinloch Capital LLC boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,691 shares of the industrial products company’s stock after buying an additional 141 shares during the period. Stanley Black & Decker accounts for 2.0% of Kinloch Capital LLC’s investment portfolio, making the stock its 20th largest position. Kinloch Capital LLC’s holdings in Stanley Black & Decker were worth $3,150,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Stanley Black & Decker by 17.5% during the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock worth $2,603,393,000 after buying an additional 2,774,661 shares during the last quarter. State Street Corp raised its position in Stanley Black & Decker by 8.0% in the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock valued at $949,648,000 after purchasing an additional 874,617 shares during the period. Capital Research Global Investors raised its position in Stanley Black & Decker by 1.6% in the second quarter. Capital Research Global Investors now owns 5,519,398 shares of the industrial products company’s stock valued at $517,223,000 after purchasing an additional 87,202 shares during the period. Moneta Group Investment Advisors LLC raised its position in Stanley Black & Decker by 113,894.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock valued at $360,943,000 after purchasing an additional 4,800,671 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Stanley Black & Decker by 7.6% in the 4th quarter. Morgan Stanley now owns 3,385,536 shares of the industrial products company’s stock valued at $254,322,000 after buying an additional 239,650 shares during the period. Institutional investors and hedge funds own 90.47% of the company’s stock.

Insider Transactions at Stanley Black & Decker

In related news, SVP Graham Robinson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $91.83, for a total value of $183,660.00. Following the completion of the transaction, the senior vice president now directly owns 26,435 shares of the company’s stock, valued at approximately $2,427,526.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

SWK has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Finally, StockNews.com upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.60.

Read Our Latest Report on Stanley Black & Decker

Stanley Black & Decker Stock Performance

SWK traded up $0.20 on Thursday, hitting $88.17. 160,723 shares of the company traded hands, compared to its average volume of 1,293,445. The stock has a market capitalization of $13.52 billion, a PE ratio of -42.30, a PEG ratio of 1.76 and a beta of 1.35. The company has a 50 day moving average of $93.28 and a 200-day moving average of $89.77. Stanley Black & Decker, Inc. has a 12-month low of $73.12 and a 12-month high of $104.21. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.84 billion. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) EPS. Sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 4.06 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

About Stanley Black & Decker

(Free Report)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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