South Dakota Investment Council Purchases 2,475 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

South Dakota Investment Council lifted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,349 shares of the industrial products company’s stock after acquiring an additional 2,475 shares during the period. South Dakota Investment Council owned approximately 0.09% of Stanley Black & Decker worth $11,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $36,000. Montag A & Associates Inc. acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $44,000. Crews Bank & Trust acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $49,000. R Squared Ltd acquired a new position in Stanley Black & Decker during the 4th quarter worth approximately $54,000. Finally, Sunbelt Securities Inc. increased its position in Stanley Black & Decker by 363.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 513 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the subject of a number of research analyst reports. StockNews.com cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Citigroup lowered 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 research report on Thursday, February 6th. Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research report on Wednesday. They issued a “buy” rating and a $103.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley decreased their price target on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Stanley Black & Decker Trading Down 2.2 %

SWK opened at $87.95 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average of $84.33 and a 200-day moving average of $92.81. The stock has a market cap of $13.58 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data 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 net margin of 1.92% and a return on equity of 7.50%. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Stanley Black & Decker Company 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 Storage segment, and Industrial segment.