State of New Jersey Common Pension Fund D Sells 2,011 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,250 shares of the industrial products company’s stock after selling 2,011 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Stanley Black & Decker worth $7,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SWK. Moneta Group Investment Advisors LLC grew its position in Stanley Black & Decker by 113,894.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,804,886 shares of the industrial products company’s stock valued at $360,943,000 after acquiring an additional 4,800,671 shares during the last quarter. Vanguard Group Inc. grew its position in Stanley Black & Decker by 17.5% during the first quarter. Vanguard Group Inc. now owns 18,623,594 shares of the industrial products company’s stock valued at $2,603,393,000 after acquiring an additional 2,774,661 shares during the last quarter. Norges Bank bought a new position in Stanley Black & Decker during the fourth quarter valued at approximately $78,260,000. State Street Corp grew its holdings in shares of Stanley Black & Decker by 8.0% in the first quarter. State Street Corp now owns 11,785,161 shares of the industrial products company’s stock worth $949,648,000 after purchasing an additional 874,617 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Stanley Black & Decker by 40.6% in the first quarter. Renaissance Technologies LLC now owns 1,552,962 shares of the industrial products company’s stock worth $125,138,000 after purchasing an additional 448,600 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SWK has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. StockNews.com upgraded shares of Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Citigroup upgraded shares of Stanley Black & Decker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $118.00 in a report on Friday, October 27th. Finally, Barclays cut their price target on shares of Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $97.60.

Check Out Our Latest Analysis on SWK

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Graham Robinson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $91.83, for a total value of $183,660.00. Following the completion of the transaction, the senior vice president now owns 26,435 shares of the company’s stock, valued at approximately $2,427,526.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

Stanley Black & Decker Price Performance

SWK opened at $91.00 on Tuesday. The stock has a 50-day moving average price of $94.92 and a 200-day moving average price of $90.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.19 and a quick ratio of 0.39. The firm has a market cap of $13.95 billion, a PE ratio of -43.75, a P/E/G ratio of 1.74 and a beta of 1.35. Stanley Black & Decker, Inc. has a 1 year low of $73.12 and a 1 year high of $104.21.

Stanley Black & Decker (NYSE:SWKGet Free Report) last issued its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the previous year, the firm earned ($0.10) EPS. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current fiscal year.

About Stanley Black & Decker

(Free Report)

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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