Meyer Handelman Co. Has $23.87 Million Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Meyer Handelman Co. trimmed its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 22.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,118 shares of the industrial products company’s stock after selling 45,350 shares during the period. Meyer Handelman Co. owned approximately 0.10% of Stanley Black & Decker worth $23,871,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SWK. Honkamp Krueger Financial Services Inc. lifted its stake in shares of Stanley Black & Decker by 0.3% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 1,690 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 5 shares during the last quarter. Sabal Trust CO lifted its stake in shares of Stanley Black & Decker by 0.4% during the 2nd quarter. Sabal Trust CO now owns 2,409 shares of the industrial products company’s stock worth $338,000 after acquiring an additional 9 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its stake in shares of Stanley Black & Decker by 2.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 823 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 23 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its stake in shares of Stanley Black & Decker by 1.3% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 1,852 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 23 shares during the last quarter. Finally, BKD Wealth Advisors LLC lifted its stake in shares of Stanley Black & Decker by 0.9% during the 2nd quarter. BKD Wealth Advisors LLC now owns 2,930 shares of the industrial products company’s stock worth $412,000 after acquiring an additional 26 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Robert W. Baird restated a “hold” rating and set a $150.00 price objective on shares of Stanley Black & Decker in a report on Friday, October 20th. Morgan Stanley upgraded Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and set a $169.00 price objective on the stock in a report on Monday, October 2nd. Wells Fargo & Company restated an “outperform” rating and set a $175.00 price objective (up from $165.00) on shares of Stanley Black & Decker in a report on Wednesday, October 18th. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Tuesday, September 26th. Finally, Nomura set a $180.00 price target on Stanley Black & Decker and gave the company a “buy” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $167.29.

Shares of Stanley Black & Decker, Inc. (NYSE SWK) traded up $0.12 during mid-day trading on Friday, hitting $162.97. The stock had a trading volume of 632,100 shares, compared to its average volume of 1,065,504. The firm has a market cap of $24,991.78, a PE ratio of 23.42, a PEG ratio of 2.12 and a beta of 1.02. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a fifty-two week low of $114.27 and a fifty-two week high of $168.25.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.08. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. research analysts expect that Stanley Black & Decker, Inc. will post 7.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.55%. Stanley Black & Decker’s dividend payout ratio is presently 31.82%.

In related news, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker 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 completion of the transaction, the insider now owns 49,188 shares in the company, valued at approximately $7,277,856.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph R. Voelker sold 4,182 shares of Stanley Black & Decker stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $162.91, for a total value of $681,289.62. Following the completion of the transaction, the senior vice president now owns 17,253 shares of the company’s stock, valued at approximately $2,810,686.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,167 shares of company stock valued at $17,655,441. 1.15% of the stock is owned by company insiders.

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Stanley Black & Decker Profile

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.

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

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