Stanley Black & Decker, Inc. (NYSE:SWK) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 8,205 shares of the industrial products company’s stock after selling 592 shares during the period. Maryland State Retirement & Pension System’s holdings in Stanley Black & Decker were worth $659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Xponance Inc. boosted its holdings in Stanley Black & Decker by 2.6% in the 4th quarter. Xponance Inc. now owns 21,948 shares of the industrial products company’s stock worth $1,762,000 after acquiring an additional 555 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Stanley Black & Decker by 79.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,089 shares of the industrial products company’s stock valued at $1,234,000 after purchasing an additional 6,665 shares during the period. Cibc World Markets Corp grew its holdings in Stanley Black & Decker by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 24,338 shares of the industrial products company’s stock valued at $1,954,000 after purchasing an additional 3,422 shares in the last quarter. SlateStone Wealth LLC lifted its holdings in Stanley Black & Decker by 3.2% in the 4th quarter. SlateStone Wealth LLC now owns 8,147 shares of the industrial products company’s stock worth $654,000 after buying an additional 250 shares in the last quarter. Finally, Glenview Trust co boosted its position in Stanley Black & Decker by 2.0% in the 4th quarter. Glenview Trust co now owns 29,863 shares of the industrial products company’s stock valued at $2,398,000 after buying an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Up 3.1 %

NYSE:SWK opened at $82.00 on Tuesday. The firm has a market capitalization of $12.67 billion, a PE ratio of 42.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 52 week low of $77.70 and a 52 week high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average of $85.45 and a 200-day moving average of $90.63.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. Stanley Black & Decker’s payout ratio is currently 169.07%.

Analysts Set New Price Targets

SWK has been the topic of several recent analyst reports. UBS Group cut their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Barclays reduced their target price on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Citigroup decreased their price objective 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, Wells Fargo & Company reduced their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $103.00.

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.