Teachers Retirement System of The State of Kentucky Has $969,000 Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Teachers Retirement System of The State of Kentucky cut its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,131 shares of the industrial products company’s stock after selling 371 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Stanley Black & Decker were worth $969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SWK. Oregon Public Employees Retirement Fund lifted its holdings in shares of Stanley Black & Decker by 0.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock valued at $1,055,000 after acquiring an additional 100 shares during the period. Czech National Bank grew its stake in Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock worth $2,642,000 after buying an additional 124 shares during the last quarter. Copperwynd Financial LLC increased its holdings in shares of Stanley Black & Decker by 7.1% during the second quarter. Copperwynd Financial LLC now owns 2,316 shares of the industrial products company’s stock worth $185,000 after buying an additional 153 shares in the last quarter. Rockland Trust Co. raised its stake in shares of Stanley Black & Decker by 1.5% in the second quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 157 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of Stanley Black & Decker by 3.5% in the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock worth $544,000 after acquiring an additional 190 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 0.1 %

NYSE:SWK opened at $107.38 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $76.26 and a 12-month high of $110.88. The stock’s fifty day simple moving average is $101.07 and its 200-day simple moving average is $92.59. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $16.53 billion, a P/E ratio of -155.62, a P/E/G ratio of 2.88 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.02 billion. Stanley Black & Decker had a negative net margin of 1.87% and a positive return on equity of 6.06%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.22 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Tuesday, September 3rd. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s payout ratio is -475.36%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SWK. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. UBS Group upped their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a research report on Friday, September 6th. They issued an “equal weight” rating and a $107.00 price objective for the company. Finally, Robert W. Baird boosted their target price on Stanley Black & Decker from $78.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.25.

Insiders Place Their Bets

In other news, SVP Janet Link sold 13,520 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $103.91, for a total value of $1,404,863.20. Following the completion of the transaction, the senior vice president now owns 31,960 shares in the company, valued at $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.