State of New Jersey Common Pension Fund D Trims Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

State of New Jersey Common Pension Fund D cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,688 shares of the industrial products company’s stock after selling 3,801 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Stanley Black & Decker were worth $16,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System lifted its position in Stanley Black & Decker by 13.0% during the second quarter. State of Michigan Retirement System now owns 39,368 shares of the industrial products company’s stock worth $5,487,000 after buying an additional 4,520 shares during the period. Vident Investment Advisory LLC grew its stake in Stanley Black & Decker by 84.7% during the 2nd quarter. Vident Investment Advisory LLC now owns 8,791 shares of the industrial products company’s stock valued at $1,225,000 after purchasing an additional 4,032 shares in the last quarter. Diversified Trust Co grew its stake in Stanley Black & Decker by 87.6% during the 2nd quarter. Diversified Trust Co now owns 21,770 shares of the industrial products company’s stock valued at $3,034,000 after purchasing an additional 10,167 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Stanley Black & Decker by 693.5% during the 2nd quarter. Pacer Advisors Inc. now owns 12,784 shares of the industrial products company’s stock worth $1,782,000 after buying an additional 11,173 shares during the last quarter. Finally, Brinker Capital Inc. lifted its holdings in Stanley Black & Decker by 15.1% during the 2nd quarter. Brinker Capital Inc. now owns 17,823 shares of the industrial products company’s stock worth $2,484,000 after buying an additional 2,333 shares during the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

Shares of SWK stock opened at $165.34 on Friday. Stanley Black & Decker, Inc. has a 1 year low of $70.00 and a 1 year high of $180.94. The stock has a market cap of $26.40 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The business’s fifty day moving average is $167.33 and its 200-day moving average is $144.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.66 and a current ratio of 1.26.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Sunday, November 1st. The industrial products company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.22. Stanley Black & Decker had a return on equity of 13.97% and a net margin of 5.88%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that Stanley Black & Decker, Inc. will post 7.82 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 33.33%.

A number of research analysts have commented on SWK shares. Deutsche Bank Aktiengesellschaft increased their target price on Stanley Black & Decker from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. TheStreet raised Stanley Black & Decker from a “c+” rating to a “b” rating in a report on Monday, July 27th. Morgan Stanley cut their price target on Stanley Black & Decker from $191.00 to $188.00 and set an “overweight” rating on the stock in a report on Wednesday. Raymond James reissued a “hold” rating on shares of Stanley Black & Decker in a report on Tuesday, September 1st. Finally, Credit Suisse Group raised their price target on Stanley Black & Decker from $163.00 to $179.00 and gave the stock a “neutral” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Stanley Black & Decker currently has an average rating of “Buy” and an average target price of $170.27.

In related news, EVP Jaime A. Ramirez sold 22,700 shares of Stanley Black & Decker stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $155.22, for a total value of $3,523,494.00. Following the transaction, the executive vice president now directly owns 54,528 shares in the company, valued at approximately $8,463,836.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert H. Raff, Jr. sold 16,875 shares of Stanley Black & Decker stock in a transaction on Friday, August 28th. The stock was sold at an average price of $162.00, for a total value of $2,733,750.00. Following the completion of the transaction, the insider now owns 11,967 shares in the company, valued at $1,938,654. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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