Stanley Black & Decker, Inc. $SWK Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,944 shares of the industrial products company’s stock after purchasing an additional 2,689 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stanley Black & Decker were worth $2,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SWK. Princeton Global Asset Management LLC purchased a new stake in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $25,000. 1248 Management LLC purchased a new position in Stanley Black & Decker in the first quarter worth approximately $26,000. Garde Capital Inc. increased its stake in Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 321 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Stanley Black & Decker by 87.5% in the second quarter. SBI Securities Co. Ltd. now owns 583 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 272 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Stanley Black & Decker by 63.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 594 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 231 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SWK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Stanley Black & Decker in a research report on Wednesday, October 8th. Morgan Stanley restated a “positive” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a report on Tuesday, October 14th. Barclays dropped their target price on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Jefferies Financial Group set a $86.00 price target on Stanley Black & Decker and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, UBS Group lifted their price objective on Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.10.

Stanley Black & Decker Stock Down 1.0%

Stanley Black & Decker stock opened at $62.19 on Thursday. The firm has a market capitalization of $9.63 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.46 and a beta of 1.21. The stock’s fifty day simple moving average is $70.90 and its 200-day simple moving average is $70.19. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $93.63. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be paid a $0.83 dividend. The ex-dividend date is Monday, December 1st. This represents a $3.32 dividend on an annualized basis and a yield of 5.3%. Stanley Black & Decker’s payout ratio is currently 114.88%.

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 and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.