Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,393 shares of the industrial products company's stock after selling 18,285 shares during the period. State of Tennessee Department of Treasury's holdings in Stanley Black & Decker were worth $3,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWK. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. raised its holdings in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of Stanley Black & Decker during the fourth quarter worth $40,000. SRS Capital Advisors Inc. grew its holdings in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after purchasing an additional 199 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at $44,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Trading Down 2.2 %

Shares of SWK stock traded down $1.32 on Wednesday, hitting $59.94. 7,190,752 shares of the stock traded hands, compared to its average volume of 1,810,306. The firm's 50-day moving average price is $72.84 and its two-hundred day moving average price is $82.90. The stock has a market capitalization of $9.26 billion, a PE ratio of 30.90, a PEG ratio of 1.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same quarter last year, the company earned $0.56 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 5.47%. Stanley Black & Decker's dividend payout ratio (DPR) is 169.07%.

Wall Street Analysts Forecast Growth

SWK has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays decreased their price objective on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company lowered their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. Finally, UBS Group reduced their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $102.20.

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.