Louisiana State Employees Retirement System Makes New $912,000 Investment in Stanley Black & Decker, Inc. (NYSE:SWK)

Louisiana State Employees Retirement System purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,300 shares of the industrial products company’s stock, valued at approximately $912,000.

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $378,000. DAVENPORT & Co LLC raised its stake in Stanley Black & Decker by 59.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 5,578 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 2,078 shares during the period. Private Trust Co. NA raised its stake in Stanley Black & Decker by 11.1% in the 3rd quarter. Private Trust Co. NA now owns 1,856 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 185 shares during the period. Coastline Trust Co raised its stake in Stanley Black & Decker by 5.7% in the 3rd quarter. Coastline Trust Co now owns 5,535 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 300 shares during the period. Finally, Oak Thistle LLC bought a new stake in Stanley Black & Decker in the 3rd quarter valued at $470,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SWK. Robert W. Baird dropped their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Barclays increased their price objective on Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $88.80 on Friday. The stock’s 50-day simple moving average is $91.52 and its 200 day simple moving average is $90.96. The firm has a market capitalization of $13.66 billion, a PE ratio of -42.69, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21.

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

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio is currently -155.77%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.