Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,580 shares of the industrial products company’s stock after selling 146 shares during the period. Kentucky Retirement Systems’ holdings in Stanley Black & Decker were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $36,000. Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $44,000. Crews Bank & Trust purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $49,000. Sunbelt Securities Inc. boosted its position in shares of Stanley Black & Decker by 363.8% during the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after buying an additional 513 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Stanley Black & Decker during the fourth quarter worth $54,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 1.3 %

Stanley Black & Decker stock opened at $86.78 on Tuesday. Stanley Black & Decker, Inc. has a 1-year low of $77.70 and a 1-year high of $110.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The stock has a market cap of $13.40 billion, a PE ratio of 44.73, a P/E/G ratio of 1.33 and a beta of 1.24. The stock’s fifty day moving average is $84.41 and its two-hundred day moving average is $92.76.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 169.07%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research note on Thursday, December 19th. UBS Group reduced their price objective on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Jefferies Financial Group began coverage on Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. Finally, StockNews.com cut 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 issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $103.00.

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 Storage segment, and Industrial segment.