Stanley Black & Decker, Inc. (SWK) Shares Bought by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 334,708 shares of the industrial products company’s stock after purchasing an additional 43,134 shares during the quarter. Stanley Black & Decker accounts for 2.0% of Cornerstone Investment Partners LLC’s portfolio, making the stock its 29th largest position. Cornerstone Investment Partners LLC owned approximately 0.22% of Stanley Black & Decker worth $44,453,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SWK. Renaissance Technologies LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $16,216,000. Stone Ridge Asset Management LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $448,000. Cornerstone Capital Management Holdings LLC. grew its stake in Stanley Black & Decker by 13.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 29,879 shares of the industrial products company’s stock valued at $5,069,000 after purchasing an additional 3,635 shares during the last quarter. LPL Financial LLC grew its stake in Stanley Black & Decker by 2.4% during the 4th quarter. LPL Financial LLC now owns 33,421 shares of the industrial products company’s stock valued at $5,671,000 after purchasing an additional 776 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at about $8,052,000. Institutional investors and hedge funds own 82.56% of the company’s stock.

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Several research firms have weighed in on SWK. Zacks Investment Research downgraded Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. B. Riley reiterated a “buy” rating on shares of Stanley Black & Decker in a research note on Thursday, June 7th. Morgan Stanley dropped their price target on Stanley Black & Decker from $178.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, April 23rd. ValuEngine downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Saturday, April 21st. Finally, Northcoast Research set a $182.00 target price on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $181.00.

In other Stanley Black & Decker news, Director Michael David Hankin purchased 350 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, April 27th. The stock was bought at an average price of $143.28 per share, with a total value of $50,148.00. Following the acquisition, the director now owns 1,250 shares of the company’s stock, valued at approximately $179,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Shares of SWK traded up $1.20 during mid-day trading on Tuesday, reaching $135.71. The company had a trading volume of 1,319,272 shares, compared to its average volume of 1,249,886. Stanley Black & Decker, Inc. has a 52-week low of $130.56 and a 52-week high of $176.62. The company has a quick ratio of 0.57, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.57 and a beta of 1.00.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, April 20th. The industrial products company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Stanley Black & Decker had a return on equity of 15.65% and a net margin of 7.63%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. equities analysts anticipate that Stanley Black & Decker, Inc. will post 8.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 19th. Investors of record on Wednesday, June 6th were issued a $0.63 dividend. The ex-dividend date was Tuesday, June 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.86%. Stanley Black & Decker’s payout ratio is 33.83%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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