Teacher Retirement System of Texas bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,536 shares of the industrial products company's stock, valued at approximately $1,733,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in Stanley Black & Decker by 1,138.5% during the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock worth $25,000 after acquiring an additional 296 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in Stanley Black & Decker in the first quarter valued at approximately $31,000. Millstone Evans Group LLC purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $40,000. CX Institutional purchased a new position in Stanley Black & Decker in the first quarter valued at approximately $43,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Stanley Black & Decker in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 87.77% of the company's stock.
Stanley Black & Decker Price Performance
Shares of NYSE SWK traded down $0.96 during trading on Friday, hitting $72.89. 1,722,793 shares of the company were exchanged, compared to its average volume of 2,029,765. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 1.40 and a beta of 1.18. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The firm's fifty day moving average price is $67.33 and its 200 day moving average price is $74.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.36.
Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its 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 company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The business's revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 EPS. On average, sell-side 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 firm also recently disclosed 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 of this dividend was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.50%. Stanley Black & Decker's payout ratio is 136.10%.
Analyst Upgrades and Downgrades
SWK has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Barclays upgraded shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. Wall Street Zen raised Stanley Black & Decker from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. decreased their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a report on Monday, May 5th. Finally, UBS Group decreased their price objective on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus price target of $92.10.
View Our Latest Stock Report on SWK
About Stanley Black & Decker
(
Free Report)
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.
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