(SWK) is up at $146.79 Stanley Black & Decker Reports 2Q 2017…

Bruno Cirelli
Luglio 25, 2017

(NYSE:SWK) by 16.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,380 shares of the industrial products company's stock after buying an additional 470 shares during the period. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/07/23/two-sigma-securities-llc-takes-position-in-stanley-black-decker-inc-swk-updated-updated-updated.html.

Other hedge funds have also modified their holdings of the company. Over the past 2 quarters, Stanley Black & Decker, Inc. SWK reported impressive results for second-quarter 2017, with positive earnings and sales surprises of 2.6% and 1.9%, respectively. Alexandria Capital LLC raised its position in Stanley Black & Decker by 3.3% in the first quarter. During the same period a year ago, the business earned $1.84 earnings per share. BlackRock Inc. raised its stake in shares of Stanley Black & Decker by 1,670.7% in the first quarter. Massachusetts Financial Services Co. Pacad Investment Ltd. acquired a new stake in shares of Stanley Black & Decker during the fourth quarter worth approximately $103,000. The firm owned 789,437 shares of the industrial products company's stock after buying an additional 108,864 shares during the period. The institutional investor owned 4,686 shares of the industrial products company's stock after buying an additional 2,045 shares during the period. Institutional investors own 83.83% of the company's stock.

What Guru's think About Is Stanley Black & Decker, Inc. Stanley Black & Decker, Inc. has a 1-year low of $111.89 and a 1-year high of $148.32. The stock's 50 day moving average price is $142.29 and its 200-day moving average price is $132.66.

Among 19 analysts covering Stanley Black & Decker (NYSE:SWK), 14 have Buy rating, 0 Sell and 5 Hold. The industrial products company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.10. Bridges Inv Mgmt Incorporated holds 0.1% of its portfolio in Stanley Black & Decker, Inc.

Selling, general and administrative expenses increased 9.5% year over year while as a percentage of revenues, it dipped 10 bps to 22.6%. During the same quarter in the prior year, the business posted $1.84 EPS. Seven analysts surveyed by Zacks expected $3.17 billion.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. The dividend payment will be $0.630 per share for the quarter which is $2.52 annualized. The Company dividend yield observed at 1.72%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.58. The ex-dividend date will be on Monday the 5th of June 2017. (NYSE:SWK). Ontario Teachers Pension Plan Board has invested 0.1% in Stanley Black & Decker, Inc. If you are reading this article on another domain, it was copied illegally and reposted in violation of USA & global trademark and copyright laws.

COPYRIGHT VIOLATION WARNING: "Achmea Investment Management B.V. Buys New Stake in Stanley Black & Decker, Inc".

A number of equities research analysts recently commented on SWK shares. J P Morgan Chase & Co upgraded Stanley Black & Decker from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $140.00 to $152.00 in a report on Monday, April 24th. BidaskClub raised shares of Stanley Black & Decker from a hold rating to a buy rating in a research report on Friday, June 16th. Instinet lifted their price target on shares of Stanley Black & Decker from $145.00 to $150.00 and gave the company a buy rating in a research note on Wednesday, June 28th.

12/16/2016 - Macquarie began new coverage on Stanley Black & Decker, Inc. giving the company a "outperform" rating.

A few Wall Street analysts have released opinions on the stock of late. They use historic price data to observe stock price patterns to predict the direction of that price going forward. About 1.52 million shares traded or 63.47% up from the average. (NYSE:SWK)'s market cap, the total dollar value of all of their outstanding shares, is 22445.66m. Tompkins Financial Corp now owns 987 shares of the industrial products company's stock valued at $104,000 after buying an additional 862 shares in the last quarter. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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