Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,163 shares of the industrial products company’s stock after selling 5,000 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Stanley Black & Decker worth $7,239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its holdings in shares of Stanley Black & Decker by 2.1% in the third quarter. Empirical Finance LLC now owns 5,276 shares of the industrial products company’s stock valued at $581,000 after buying an additional 111 shares during the period. Advisors Management Group Inc. ADV raised its position in Stanley Black & Decker by 3.2% in the third quarter. Advisors Management Group Inc. ADV now owns 3,820 shares of the industrial products company’s stock worth $421,000 after acquiring an additional 117 shares in the last quarter. MML Investors Services LLC boosted its position in shares of Stanley Black & Decker by 0.8% during the 3rd quarter. MML Investors Services LLC now owns 15,798 shares of the industrial products company’s stock valued at $1,740,000 after purchasing an additional 127 shares in the last quarter. Assetmark Inc. grew its stake in shares of Stanley Black & Decker by 1.4% in the 3rd quarter. Assetmark Inc. now owns 9,438 shares of the industrial products company’s stock worth $1,039,000 after purchasing an additional 130 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company’s stock worth $1,758,000 after purchasing an additional 149 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Trading Down 0.5 %

NYSE:SWK opened at $87.39 on Thursday. The stock’s 50-day moving average is $84.69 and its two-hundred day moving average is $92.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market cap of $13.49 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 3.75%. Stanley Black & Decker’s dividend payout ratio is 169.07%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barclays cut their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird decreased their price target on Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Citigroup cut their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Storage segment, and Industrial segment.