Hallmark Capital Management Inc. Sells 747 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Hallmark Capital Management Inc. decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 8.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,518 shares of the industrial products company’s stock after selling 747 shares during the period. Hallmark Capital Management Inc.’s holdings in Stanley Black & Decker were worth $1,232,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Stanley Black & Decker by 8.5% during the first quarter. JPMorgan Chase & Co. now owns 11,386,607 shares of the industrial products company’s stock worth $1,550,513,000 after buying an additional 893,269 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Stanley Black & Decker by 2.2% in the second quarter. Wells Fargo & Company MN now owns 5,073,105 shares of the industrial products company’s stock valued at $733,622,000 after buying an additional 110,568 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Stanley Black & Decker by 96.1% in the first quarter. Pzena Investment Management LLC now owns 2,423,147 shares of the industrial products company’s stock valued at $329,960,000 after buying an additional 1,187,163 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Stanley Black & Decker by 65.9% in the first quarter. Neuberger Berman Group LLC now owns 2,286,526 shares of the industrial products company’s stock valued at $311,287,000 after buying an additional 908,040 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Stanley Black & Decker by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after buying an additional 109,205 shares during the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $151.04, for a total value of $1,487,744.00. Following the completion of the transaction, the senior vice president now directly owns 45,706 shares in the company, valued at $6,903,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.03% of the stock is currently owned by company insiders.

SWK opened at $147.12 on Friday. The firm has a market cap of $22.37 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.39. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $155.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. The business’s fifty day moving average is $138.38 and its 200-day moving average is $139.39.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.11. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.81 billion. Stanley Black & Decker had a return on equity of 17.10% and a net margin of 4.97%. Stanley Black & Decker’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.57 earnings per share. On average, research analysts predict that Stanley Black & Decker, Inc. will post 8.6 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.69 dividend. The ex-dividend date is Friday, August 30th. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 annualized dividend and a yield of 1.88%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 33.87%.

Several equities analysts have recently issued reports on SWK shares. Deutsche Bank decreased their target price on Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Co decreased their price objective on Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Morgan Stanley upped their price target on Stanley Black & Decker from $161.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Gabelli downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $157.06.

Stanley Black & Decker 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.

Further Reading: Call Option Volume

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

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