Kentucky Retirement Systems Insurance Trust Fund Increases Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,497 shares of the industrial products company’s stock after buying an additional 939 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Stanley Black & Decker were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its position in shares of Stanley Black & Decker by 12.2% during the 4th quarter. Venturi Wealth Management LLC now owns 2,744 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 298 shares during the last quarter. D.A. Davidson & CO. purchased a new position in shares of Stanley Black & Decker in the fourth quarter valued at $360,000. CIBC Asset Management Inc grew its holdings in shares of Stanley Black & Decker by 3.7% in the fourth quarter. CIBC Asset Management Inc now owns 23,427 shares of the industrial products company’s stock valued at $1,881,000 after purchasing an additional 834 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Stanley Black & Decker by 92.2% in the fourth quarter. Sanctuary Advisors LLC now owns 13,117 shares of the industrial products company’s stock valued at $1,053,000 after purchasing an additional 6,291 shares in the last quarter. Finally, Americana Partners LLC grew its holdings in shares of Stanley Black & Decker by 180.5% in the fourth quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after purchasing an additional 72,637 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWK has been the subject of a number of recent research reports. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. UBS Group cut their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. Morgan Stanley cut their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Up 1.3 %

Shares of SWK opened at $88.21 on Thursday. The firm has a market capitalization of $13.60 billion, a P/E ratio of 45.47, a P/E/G ratio of 1.30 and a beta of 1.24. Stanley Black & Decker, Inc. has a 12-month low of $77.70 and a 12-month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $84.00 and a 200-day moving average price of $92.94.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.12 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Stanley Black & Decker 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 Storage segment, and Industrial segment.