California State Teachers Retirement System Sells 32,714 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

California State Teachers Retirement System lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,647 shares of the industrial products company's stock after selling 32,714 shares during the period. California State Teachers Retirement System owned about 0.14% of Stanley Black & Decker worth $16,913,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cape Investment Advisory Inc. boosted its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. boosted its holdings in shares of Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 199 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $44,000. Finally, Crews Bank & Trust acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $49,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

SWK stock traded up $1.08 during midday trading on Tuesday, reaching $64.21. 532,572 shares of the company's stock traded hands, compared to its average volume of 1,940,592. The company has a 50-day moving average price of $64.34 and a two-hundred day moving average price of $77.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $110.88. The firm has a market capitalization of $9.93 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter last year, the business posted $0.56 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.11%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 136.10%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of analyst reports. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Citigroup cut their target price on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. UBS Group cut their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $91.10.

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 Outdoor and Industrial segments.