California Public Employees Retirement System Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

California Public Employees Retirement System increased its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 281,137 shares of the industrial products company's stock after buying an additional 38,535 shares during the quarter. California Public Employees Retirement System owned 0.18% of Stanley Black & Decker worth $27,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital Investment Advisory Services LLC purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $201,000. CWM LLC lifted its holdings in Stanley Black & Decker by 33.3% during the fourth quarter. CWM LLC now owns 5,734 shares of the industrial products company's stock valued at $563,000 after purchasing an additional 1,432 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Stanley Black & Decker by 3.5% during the fourth quarter. Verdence Capital Advisors LLC now owns 48,253 shares of the industrial products company's stock valued at $4,734,000 after purchasing an additional 1,649 shares during the last quarter. abrdn plc lifted its holdings in Stanley Black & Decker by 23.2% during the fourth quarter. abrdn plc now owns 236,286 shares of the industrial products company's stock valued at $23,180,000 after purchasing an additional 44,486 shares during the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Stanley Black & Decker during the fourth quarter valued at about $520,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Price Performance

NYSE SWK traded up $0.88 on Friday, reaching $89.71. 1,484,232 shares of the company's stock traded hands, compared to its average volume of 1,165,197. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The stock has a market cap of $13.80 billion, a PE ratio of -43.13, a P/E/G ratio of 2.42 and a beta of 1.34. The stock has a 50-day simple moving average of $91.54 and a 200 day simple moving average of $91.15.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.84 billion. During the same quarter last year, the business earned ($0.10) earnings per share. The business's revenue was down 6.3% on a year-over-year basis. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 3.61%. Stanley Black & Decker's dividend payout ratio is currently -155.77%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SWK. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 18th. Barclays increased their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Stanley Black & Decker from $89.00 to $80.00 and set an "underweight" rating on the stock in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $98.11.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.