South Dakota Investment Council increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,600 shares of the industrial products company’s stock after buying an additional 1,800 shares during the period. South Dakota Investment Council’s holdings in Stanley Black & Decker were worth $2,053,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SWK. Mutual of America Capital Management LLC grew its holdings in Stanley Black & Decker by 2.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 32,314 shares of the industrial products company’s stock worth $4,878,000 after acquiring an additional 915 shares in the last quarter. Swiss National Bank grew its holdings in Stanley Black & Decker by 4.4% during the 2nd quarter. Swiss National Bank now owns 557,464 shares of the industrial products company’s stock worth $78,452,000 after acquiring an additional 23,400 shares in the last quarter. Honeywell International Inc. grew its holdings in Stanley Black & Decker by 86.1% during the 3rd quarter. Honeywell International Inc. now owns 186,100 shares of the industrial products company’s stock worth $28,096,000 after acquiring an additional 86,100 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of Stanley Black & Decker by 2.2% in the 2nd quarter. Utah Retirement Systems now owns 28,002 shares of the industrial products company’s stock valued at $3,940,000 after buying an additional 600 shares during the period. Finally, Jackson Wealth Management LLC acquired a new position in shares of Stanley Black & Decker in the 2nd quarter valued at about $1,465,000. 81.29% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on SWK shares. Robert W. Baird reaffirmed a “hold” rating and issued a $150.00 price target on shares of Stanley Black & Decker in a report on Monday, August 28th. Northcoast Research started coverage on shares of Stanley Black & Decker in a report on Friday, October 20th. They issued a “buy” rating and a $193.00 price target for the company. FBR & Co lifted their price target on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, J P Morgan Chase & Co boosted their target price on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $167.29.
Stanley Black & Decker, Inc. (NYSE SWK) remained flat at $$165.99 during mid-day trading on Monday. The stock had a trading volume of 228,200 shares, compared to its average volume of 959,833. Stanley Black & Decker, Inc. has a 12 month low of $114.27 and a 12 month high of $168.25. The company has a market capitalization of $25,510.00, a P/E ratio of 23.85, a P/E/G ratio of 2.16 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 (NYSE:SWK) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. Stanley Black & Decker had a net margin of 9.79% and a return on equity of 15.41%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm earned $1.68 EPS. Stanley Black & Decker’s revenue was up 14.5% on a year-over-year basis. sell-side analysts predict that Stanley Black & Decker, Inc. will post 7.39 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Friday, December 1st will be issued a $0.63 dividend. The ex-dividend date is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.52%. Stanley Black & Decker’s payout ratio is currently 31.82%.
In related news, CFO Donald Allan sold 30,090 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $163.11, for a total value of $4,907,979.90. Following the sale, the chief financial officer now directly owns 129,203 shares in the company, valued at approximately $21,074,301.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jocelyn Belisle sold 6,845 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $164.79, for a total transaction of $1,127,987.55. Following the completion of the transaction, the vice president now directly owns 21,449 shares in the company, valued at $3,534,580.71. The disclosure for this sale can be found here. Insiders sold a total of 140,257 shares of company stock worth $22,563,420 over the last quarter. Insiders own 1.15% of the company’s stock.
About Stanley Black & Decker
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.
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