Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,788 shares of the industrial products company’s stock after selling 857 shares during the period. Retirement Systems of Alabama’s holdings in Stanley Black & Decker were worth $3,315,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its holdings in shares of Stanley Black & Decker by 0.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after acquiring an additional 117 shares in the last quarter. Kinloch Capital LLC increased its stake in Stanley Black & Decker by 0.4% during the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after purchasing an additional 141 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Stanley Black & Decker by 41.3% in the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after buying an additional 160 shares during the last quarter. Wahed Invest LLC lifted its stake in shares of Stanley Black & Decker by 7.5% during the third quarter. Wahed Invest LLC now owns 2,381 shares of the industrial products company’s stock worth $199,000 after buying an additional 167 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Stanley Black & Decker by 8.4% during the fourth quarter. Allworth Financial LP now owns 2,375 shares of the industrial products company’s stock valued at $233,000 after buying an additional 184 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Up 0.3 %

SWK stock opened at $87.29 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 52-week low of $73.87 and a 52-week high of $104.21. The company’s 50-day simple moving average is $91.55 and its 200-day simple moving average is $91.52. The firm has a market cap of $13.43 billion, a P/E ratio of -126.51, a PEG ratio of 2.31 and a beta of 1.33.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the business earned ($0.41) earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, May 31st. Stanley Black & Decker’s payout ratio is -469.56%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. Robert W. Baird lowered their price target on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Barclays cut their price target on shares of Stanley Black & Decker from $107.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company decreased their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating for the company in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker presently has an average rating of “Hold” and a consensus price target of $97.00.

Insider Buying and Selling at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the transaction, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at approximately $2,852,248. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Stanley Black & Decker 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.