Teachers Retirement System of The State of Kentucky Sells 511 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 4.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 11,759 shares of the industrial products company’s stock after selling 511 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stanley Black & Decker were worth $1,644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SWK. Riverview Trust Co purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth $26,000. Okabena Investment Services Inc. purchased a new stake in shares of Stanley Black & Decker during the 4th quarter worth $28,000. Bank of New Hampshire purchased a new stake in shares of Stanley Black & Decker during the 1st quarter worth $29,000. Compagnie Lombard Odier SCmA raised its stake in Stanley Black & Decker by 95.8% in the first quarter. Compagnie Lombard Odier SCmA now owns 235 shares of the industrial products company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in shares of Stanley Black & Decker in the first quarter worth about $36,000. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK stock opened at $83.46 on Thursday. The stock has a market cap of $12.34 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.74 and a beta of 1.28. The firm has a 50 day simple moving average of $96.38 and a 200 day simple moving average of $116.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.28 and a current ratio of 0.85. Stanley Black & Decker, Inc. has a 52 week low of $83.46 and a 52 week high of $199.20.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its earnings results on Thursday, July 28th. The industrial products company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.35). Stanley Black & Decker had a net margin of 5.86% and a return on equity of 14.65%. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the business posted $3.08 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Research analysts anticipate that Stanley Black & Decker, Inc. will post 5.53 earnings per share for the current fiscal year.

Stanley Black & Decker Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th were paid a dividend of $0.80 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date was Friday, September 2nd. This represents a $3.20 dividend on an annualized basis and a yield of 3.83%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 51.78%.

Insider Transactions at Stanley Black & Decker

In other news, Director Robert J. Manning acquired 30,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was bought at an average price of $85.50 per share, with a total value of $2,565,000.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at approximately $2,565,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Stanley Black & Decker news, SVP Janet Link sold 1,000 shares of Stanley Black & Decker stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $90.96, for a total transaction of $90,960.00. Following the completion of the sale, the senior vice president now owns 28,260 shares of the company’s stock, valued at approximately $2,570,529.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Manning bought 30,000 shares of the stock in a transaction on Thursday, September 8th. The shares were acquired at an average cost of $85.50 per share, with a total value of $2,565,000.00. Following the acquisition, the director now directly owns 30,000 shares in the company, valued at approximately $2,565,000. The disclosure for this purchase can be found here. Company insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Mizuho reduced their target price on shares of Stanley Black & Decker from $145.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. Wells Fargo & Company lowered Stanley Black & Decker to an “equal weight” rating in a report on Tuesday, August 9th. StockNews.com downgraded shares of Stanley Black & Decker from a “hold” rating to a “sell” rating in a research note on Saturday, August 6th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, August 11th. Finally, Robert W. Baird reduced their price target on shares of Stanley Black & Decker from $130.00 to $116.00 in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.33.

Stanley Black & Decker Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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