Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 735 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,780 shares of the industrial products company’s stock after selling 735 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stanley Black & Decker were worth $2,632,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SWK. State Street Corp boosted its holdings in shares of Stanley Black & Decker by 6.5% in the third quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock worth $998,107,000 after buying an additional 549,531 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Stanley Black & Decker by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,579,852 shares of the industrial products company’s stock valued at $392,882,000 after acquiring an additional 35,100 shares during the period. Clean Energy Transition LLP increased its stake in shares of Stanley Black & Decker by 49.0% in the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company’s stock worth $218,518,000 after purchasing an additional 652,780 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in Stanley Black & Decker by 7.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,594,895 shares of the industrial products company’s stock valued at $128,054,000 after purchasing an additional 109,100 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Stanley Black & Decker by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,283,510 shares of the industrial products company’s stock valued at $103,053,000 after purchasing an additional 122,639 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SWK. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price objective on the stock. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Thursday, December 19th. UBS Group decreased their price objective on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Citigroup dropped their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Barclays lowered their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.00.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $82.00 on Tuesday. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. The stock’s 50 day simple moving average is $85.45 and its two-hundred day simple moving average is $90.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last released its quarterly 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%. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.00%. Stanley Black & Decker’s 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 Outdoor and Industrial segments.