Kentucky Retirement Systems Insurance Trust Fund Raises Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,383 shares of the industrial products company’s stock after purchasing an additional 162 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Stanley Black & Decker were worth $827,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SWK. Alliancebernstein L.P. boosted its stake in Stanley Black & Decker by 1.4% during the third quarter. Alliancebernstein L.P. now owns 431,375 shares of the industrial products company’s stock worth $75,624,000 after buying an additional 5,840 shares during the period. Cardinal Capital Management Inc. raised its holdings in Stanley Black & Decker by 1.6% in the fourth quarter. Cardinal Capital Management Inc. now owns 61,880 shares of the industrial products company’s stock worth $11,672,000 after purchasing an additional 985 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Stanley Black & Decker by 11.2% in the third quarter. Mackenzie Financial Corp now owns 496,839 shares of the industrial products company’s stock worth $87,101,000 after purchasing an additional 50,158 shares in the last quarter. Twinbeech Capital LP raised its holdings in Stanley Black & Decker by 992.8% in the third quarter. Twinbeech Capital LP now owns 12,381 shares of the industrial products company’s stock worth $2,171,000 after purchasing an additional 11,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Stanley Black & Decker by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,785,714 shares of the industrial products company’s stock valued at $313,165,000 after acquiring an additional 8,985 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

A number of research analysts have recently issued reports on the company. Barclays decreased their target price on Stanley Black & Decker from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. StockNews.com initiated coverage on Stanley Black & Decker in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on Stanley Black & Decker from $223.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. The Goldman Sachs Group cut their price target on Stanley Black & Decker from $184.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Finally, Morgan Stanley dropped their target price on Stanley Black & Decker from $195.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $181.58.

In related news, CAO Jocelyn Belisle sold 3,244 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $157.71, for a total transaction of $511,611.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Subasic sold 6,611 shares of the stock in a transaction on Friday, February 25th. The shares were sold at an average price of $155.91, for a total transaction of $1,030,721.01. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

SWK traded up $2.85 during trading on Tuesday, reaching $143.02. 2,814 shares of the stock traded hands, compared to its average volume of 1,953,415. Stanley Black & Decker, Inc. has a fifty-two week low of $136.62 and a fifty-two week high of $225.00. The stock’s 50-day simple moving average is $150.75 and its two-hundred day simple moving average is $172.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.97 and a quick ratio of 0.35. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.37.

Stanley Black & Decker (NYSE:SWKGet Rating) last issued its earnings results on Tuesday, February 1st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.08. Stanley Black & Decker had a return on equity of 17.27% and a net margin of 10.04%. The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the company posted $3.29 earnings per share. Stanley Black & Decker’s revenue was up 1.6% on a year-over-year basis. Research analysts anticipate that Stanley Black & Decker, Inc. will post 12.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were given a $0.79 dividend. The ex-dividend date was Monday, March 7th. This represents a $3.16 dividend on an annualized basis and a yield of 2.21%. Stanley Black & Decker’s payout ratio is 30.56%.

Stanley Black & Decker Company Profile (Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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