Stanley Black & Decker, Inc. (SWK) Shares Bought by Amalgamated Bank

Amalgamated Bank boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 63.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,307 shares of the industrial products company’s stock after purchasing an additional 6,687 shares during the period. Amalgamated Bank’s holdings in Stanley Black & Decker were worth $2,436,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new position in Stanley Black & Decker in the first quarter worth $108,000. Farmers & Merchants Investments Inc. boosted its position in 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 worth $116,000 after purchasing an additional 23 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in 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 worth $139,000 after purchasing an additional 461 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Stanley Black & Decker in the first quarter worth $140,000. Finally, Assetmark Inc. boosted its position in Stanley Black & Decker by 5.4% in the first quarter. Assetmark Inc. now owns 1,374 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 70 shares during the last quarter. 83.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) opened at 148.04 on Friday. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.36. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 18.96 and a beta of 1.10. The company’s 50 day moving average price is $141.44 and its 200-day moving average price is $137.97.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a return on equity of 15.36% and a net margin of 9.92%. Stanley Black & Decker’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post $7.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 1.70%. Stanley Black & Decker’s payout ratio is 32.31%.

Several research analysts have weighed in on SWK shares. Zacks Investment Research raised Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Thursday, June 22nd. Robert W. Baird reissued a “hold” rating and issued a $150.00 price objective on shares of Stanley Black & Decker in a research report on Monday, August 28th. BidaskClub cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. MKM Partners started coverage on Stanley Black & Decker in a research report on Friday, July 7th. They issued a “buy” rating and a $166.00 price objective on the stock. Finally, Wolfe Research started coverage on Stanley Black & Decker in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $160.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $153.71.

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In other news, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.15% of the stock is currently owned by insiders.

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.

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

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