Stanley Black & Decker, Inc. (SWK) Shares Bought by Nicholas Company Inc.

Nicholas Company Inc. boosted its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,140 shares of the industrial products company’s stock after acquiring an additional 810 shares during the quarter. Nicholas Company Inc.’s holdings in Stanley Black & Decker were worth $6,841,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in Stanley Black & Decker by 17.0% in the third quarter. JPMorgan Chase & Co. now owns 12,566,744 shares of the industrial products company’s stock valued at $1,840,276,000 after acquiring an additional 1,822,466 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Stanley Black & Decker by 0.9% during the fourth quarter. BlackRock Inc. now owns 9,723,341 shares of the industrial products company’s stock worth $1,164,274,000 after purchasing an additional 88,892 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Stanley Black & Decker by 37.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,490,447 shares of the industrial products company’s stock worth $777,167,000 after purchasing an additional 1,772,064 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Stanley Black & Decker during the third quarter worth about $589,253,000. Finally, Geode Capital Management LLC lifted its stake in shares of Stanley Black & Decker by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock worth $232,748,000 after purchasing an additional 109,205 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

NYSE:SWK opened at $131.51 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.56 and a current ratio of 1.14. Stanley Black & Decker, Inc. has a one year low of $106.41 and a one year high of $161.91. The stock has a market capitalization of $19.98 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.64 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Tuesday, January 22nd. The industrial products company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.01. Stanley Black & Decker had a return on equity of 16.73% and a net margin of 4.62%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 8.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

In related news, SVP Jaime A. Ramirez sold 600 shares of the business’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $118.69, for a total value of $71,214.00. Following the transaction, the senior vice president now owns 35,048 shares in the company, valued at $4,159,847.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Voelker sold 3,488 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $137.48, for a total value of $479,530.24. Following the completion of the transaction, the senior vice president now owns 22,149 shares in the company, valued at approximately $3,045,044.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,615 shares of company stock worth $2,018,879. Insiders own 1.03% of the company’s stock.

SWK has been the topic of a number of recent research reports. Wells Fargo & Co reduced their price objective on Stanley Black & Decker from $150.00 to $141.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 23rd. Credit Suisse Group set a $155.00 price objective on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Friday, January 11th. Raymond James restated a “hold” rating on shares of Stanley Black & Decker in a research note on Wednesday, January 23rd. Zacks Investment Research restated a “hold” rating on shares of Stanley Black & Decker in a research note on Monday, December 31st. Finally, Buckingham Research initiated coverage on Stanley Black & Decker in a research note on Monday, December 10th. They set a “neutral” rating and a $131.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $154.69.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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