New York State Common Retirement Fund Cuts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

New York State Common Retirement Fund reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,917 shares of the industrial products company's stock after selling 15,550 shares during the period. New York State Common Retirement Fund owned about 0.08% of Stanley Black & Decker worth $12,254,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System raised its holdings in Stanley Black & Decker by 15.9% in the fourth quarter. California Public Employees Retirement System now owns 281,137 shares of the industrial products company's stock valued at $27,580,000 after acquiring an additional 38,535 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new stake in Stanley Black & Decker in the fourth quarter valued at $201,000. CWM LLC raised its holdings in Stanley Black & Decker by 33.3% in the fourth quarter. CWM LLC now owns 5,734 shares of the industrial products company's stock valued at $563,000 after acquiring an additional 1,432 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in Stanley Black & Decker by 3.5% in 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 acquiring an additional 1,649 shares in the last quarter. Finally, abrdn plc increased its stake 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. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

SWK traded up $0.40 on Wednesday, reaching $91.80. The company had a trading volume of 2,940,872 shares, compared to its average volume of 1,334,336. The company has a fifty day moving average of $91.65 and a 200-day moving average of $91.27. The company has a market capitalization of $14.12 billion, a P/E ratio of -43.95, a PEG ratio of 2.45 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a one year low of $73.87 and a one year high of $104.21.

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

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, May 31st. Stanley Black & Decker's payout ratio is -155.77%.

Analyst Ratings Changes

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