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Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Meyer Handelman Co.

Stanley Black & Decker logo with Industrial Products background

Meyer Handelman Co. lessened its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,448 shares of the industrial products company's stock after selling 30,520 shares during the quarter. Meyer Handelman Co. owned approximately 0.07% of Stanley Black & Decker worth $10,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. First United Bank & Trust bought a new stake in shares of Stanley Black & Decker in the 4th quarter worth $25,000. Quarry LP purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth approximately $36,000. Principal Securities Inc. bought a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $38,000. Brown Brothers Harriman & Co. grew its position in Stanley Black & Decker by 39.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company's stock valued at $49,000 after buying an additional 140 shares during the period. Finally, Fairman Group LLC bought a new stake in Stanley Black & Decker during the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SWK shares. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $98.00 to $92.00 and set an "equal weight" rating for the company in a research report on Friday, May 3rd. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 18th. Finally, Barclays lowered shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $100.00 to $86.00 in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $95.44.


Check Out Our Latest Analysis on Stanley Black & Decker

Stanley Black & Decker Price Performance

NYSE:SWK traded up $0.28 during trading hours on Friday, hitting $84.34. 1,902,566 shares of the stock traded hands, compared to its average volume of 1,187,204. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $104.21. The company has a market cap of $12.98 billion, a price-to-earnings ratio of -122.23, a price-to-earnings-growth ratio of 2.28 and a beta of 1.29. The stock has a 50 day moving average price of $87.23 and a 200 day moving average price of $91.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.09 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, June 4th. This represents a $3.24 annualized dividend and a yield of 3.84%. Stanley Black & Decker's dividend payout ratio (DPR) is currently -469.56%.

Insider Buying and Selling at Stanley Black & Decker

In other Stanley Black & Decker news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the completion of the transaction, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Stanley Black & Decker Profile

(Free Report)

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.

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

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