Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,790 shares of the industrial products company's stock after selling 7,101 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Stanley Black & Decker worth $9,363,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SWK. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 18.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock valued at $1,494,000 after purchasing an additional 3,009 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Stanley Black & Decker by 0.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 71,949 shares of the industrial products company's stock worth $5,777,000 after purchasing an additional 269 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Stanley Black & Decker during the 1st quarter worth $245,000. Wellington Management Group LLP grew its position in Stanley Black & Decker by 14.0% in the 4th quarter. Wellington Management Group LLP now owns 9,673 shares of the industrial products company's stock worth $777,000 after purchasing an additional 1,188 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Stanley Black & Decker by 40.5% during the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after acquiring an additional 1,304 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 0.6%

Shares of NYSE SWK traded down $0.40 during trading hours on Friday, reaching $71.17. The stock had a trading volume of 1,088,708 shares, compared to its average volume of 2,007,757. The business's fifty day moving average price is $66.17 and its two-hundred day moving average price is $74.42. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.36 and a beta of 1.18. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. Analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were paid a $0.82 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.61%. Stanley Black & Decker's dividend payout ratio is currently 136.10%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird boosted their target price on Stanley Black & Decker from $60.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $90.00 in a research report on Tuesday, May 13th. UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $92.10.

Stanley Black & Decker Company 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.