Texas Permanent School Fund Corp Cuts Stock Position in Stanley Black & Decker, Inc. $SWK

Texas Permanent School Fund Corp trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 41.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,997 shares of the industrial products company’s stock after selling 7,031 shares during the period. Texas Permanent School Fund Corp’s holdings in Stanley Black & Decker were worth $677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SWK. Allen Wealth Management LLC grew its position in Stanley Black & Decker by 0.9% during the second quarter. Allen Wealth Management LLC now owns 18,659 shares of the industrial products company’s stock valued at $1,264,000 after acquiring an additional 160 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Stanley Black & Decker by 15.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,313 shares of the industrial products company’s stock valued at $89,000 after purchasing an additional 171 shares during the last quarter. D.A. Davidson & CO. raised its position in Stanley Black & Decker by 2.4% in the 2nd quarter. D.A. Davidson & CO. now owns 7,324 shares of the industrial products company’s stock worth $496,000 after purchasing an additional 172 shares during the period. Forum Financial Management LP lifted its stake in Stanley Black & Decker by 3.7% in the second quarter. Forum Financial Management LP now owns 5,009 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 178 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Stanley Black & Decker by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 25,979 shares of the industrial products company’s stock valued at $1,766,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SWK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Robert W. Baird increased their price objective on Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, UBS Group increased their price target on shares of Stanley Black & Decker from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.33.

Stanley Black & Decker Price Performance

SWK opened at $74.87 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.35 and a current ratio of 1.11. The stock has a market capitalization of $11.60 billion, a PE ratio of 25.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.20. The stock’s 50 day moving average price is $70.18 and its 200-day moving average price is $71.21. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $91.06.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. The business had revenue of $3.72 billion for the quarter. On average, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, December 1st. Stanley Black & Decker’s dividend payout ratio is presently 114.88%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.