State of Alaska Department of Revenue Lowers Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

State of Alaska Department of Revenue reduced its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 22.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,371 shares of the industrial products company’s stock after selling 7,420 shares during the period. State of Alaska Department of Revenue’s holdings in Stanley Black & Decker were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC raised its stake in Stanley Black & Decker by 99.3% during the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 133 shares during the period. AlphaMark Advisors LLC acquired a new position in Stanley Black & Decker in the second quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in Stanley Black & Decker by 81.4% during the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 237 shares during the period. Summit Securities Group LLC acquired a new stake in Stanley Black & Decker during the second quarter worth about $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at about $59,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SWK shares. StockNews.com raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley decreased their target price on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. UBS Group boosted their target price on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their price objective on Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Stanley Black & Decker presently has a consensus rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Stock Down 1.0 %

Shares of Stanley Black & Decker stock opened at $92.94 on Friday. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of -67.84, a PEG ratio of 2.71 and a beta of 1.24. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. The business’s 50 day simple moving average is $103.42 and its 200-day simple moving average is $93.75.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. The company had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. Equities research analysts forecast that Stanley Black & Decker, Inc. will post 4.18 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.53%. Stanley Black & Decker’s payout ratio is currently -239.42%.

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.