Stanley Black & Decker, Inc. (SWK) Shares Bought by State Treasurer State of Michigan

State Treasurer State of Michigan raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.9% during the first quarter, HoldingsChannel.com reports. The firm owned 43,648 shares of the industrial products company’s stock after purchasing an additional 400 shares during the period. State Treasurer State of Michigan’s holdings in Stanley Black & Decker were worth $5,944,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Phocas Financial Corp. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $63,000. Norges Bank acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $164,721,000. Lindbrook Capital LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at $41,000. Comerica Bank grew its stake in shares of Stanley Black & Decker by 1.9% in the fourth quarter. Comerica Bank now owns 33,916 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 619 shares in the last quarter. Finally, JOYN Advisors Inc. grew its stake in shares of Stanley Black & Decker by 76.5% in the fourth quarter. JOYN Advisors Inc. now owns 542 shares of the industrial products company’s stock valued at $65,000 after buying an additional 235 shares in the last quarter. Institutional investors own 89.49% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Buckingham Research lifted their price objective on Stanley Black & Decker from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. ValuEngine raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. TheStreet cut Stanley Black & Decker from a “b-” rating to a “c+” rating in a research note on Tuesday, January 22nd. Finally, Deutsche Bank set a $137.00 price objective on Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $157.13.

SWK opened at $135.49 on Thursday. Stanley Black & Decker, Inc. has a 12 month low of $106.41 and a 12 month high of $155.22. The firm has a market cap of $20.57 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.98 and a beta of 1.25. The company has a quick ratio of 0.43, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Wednesday, April 24th. The industrial products company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.32. Stanley Black & Decker had a return on equity of 17.01% and a net margin of 4.57%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the previous year, the firm posted $1.39 EPS. Stanley Black & Decker’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts forecast that Stanley Black & Decker, Inc. will post 8.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Monday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is 32.39%.

In other Stanley Black & Decker news, SVP Jaime A. Ramirez sold 1,000 shares of Stanley Black & Decker stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $136.26, for a total transaction of $136,260.00. Following the completion of the sale, the senior vice president now directly owns 39,893 shares of the company’s stock, valued at approximately $5,435,820.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert H. Raff, Jr. sold 6,179 shares of Stanley Black & Decker stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $151.66, for a total value of $937,107.14. Following the sale, the insider now directly owns 14,116 shares of the company’s stock, valued at $2,140,832.56. The disclosure for this sale can be found here. Insiders have sold a total of 129,831 shares of company stock valued at $18,933,275 over the last ninety days. 1.03% of the stock is owned by company insiders.

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About Stanley Black & Decker

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

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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