VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $2.43 Million Investment in Stanley Black & Decker, Inc. $SWK

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,800 shares of the industrial products company's stock, valued at approximately $2,425,000.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC raised its stake in shares of Stanley Black & Decker by 1,138.5% in the 1st quarter. Golden State Wealth Management LLC now owns 322 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 296 shares during the period. 1248 Management LLC purchased a new position in shares of Stanley Black & Decker in the 1st quarter valued at $26,000. TD Private Client Wealth LLC raised its stake in shares of Stanley Black & Decker by 830.4% in the 1st quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 382 shares during the period. Garde Capital Inc. raised its stake in shares of Stanley Black & Decker by 160.5% in the 2nd quarter. Garde Capital Inc. now owns 521 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 321 shares during the period. Finally, WASHINGTON TRUST Co raised its stake in shares of Stanley Black & Decker by 530.1% in the 1st quarter. WASHINGTON TRUST Co now owns 838 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 705 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Price Performance

Shares of SWK stock opened at $70.87 on Wednesday. The firm has a market cap of $10.97 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $105.30. The firm has a fifty day moving average of $74.05 and a two-hundred day moving average of $68.89.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data 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 during the quarter. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. As a group, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.7%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio (DPR) is 105.40%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SWK shares. Weiss Ratings reissued a "hold (c)" rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Morgan Stanley reaffirmed a "positive" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Wolfe Research raised shares of Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.10.

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.

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