South Dakota Investment Council Trims Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

South Dakota Investment Council lessened its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 143,829 shares of the industrial products company’s stock after selling 4,900 shares during the period. South Dakota Investment Council owned approximately 0.09% of Stanley Black & Decker worth $14,110,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of SWK. Venturi Wealth Management LLC purchased a new stake in Stanley Black & Decker in the third quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its position in Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 231 shares during the last quarter. Headlands Technologies LLC bought a new stake in Stanley Black & Decker during the third quarter valued at approximately $44,000. ING Groep NV bought a new stake in Stanley Black & Decker during the third quarter valued at approximately $45,000. Finally, Parkside Financial Bank & Trust lifted its position in Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Stock Up 1.6 %

SWK stock traded up $1.40 during midday trading on Tuesday, hitting $90.75. The company’s stock had a trading volume of 1,095,518 shares, compared to its average volume of 1,284,562. The company has a market cap of $13.96 billion, a PE ratio of -43.63, a P/E/G ratio of 2.41 and a beta of 1.34. Stanley Black & Decker, Inc. has a 12 month low of $73.87 and a 12 month high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average is $91.50 and its 200-day moving average is $90.98.

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

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a $0.81 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.24 annualized dividend and a dividend yield of 3.57%. Stanley Black & Decker’s dividend payout ratio (DPR) is -155.77%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays lifted their price target on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Robert W. Baird decreased their target price on shares of 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. JPMorgan Chase & Co. decreased their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $98.11.

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.