State of Michigan Retirement System Grows Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

State of Michigan Retirement System lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,831 shares of the industrial products company’s stock after buying an additional 1,300 shares during the period. State of Michigan Retirement System’s holdings in Stanley Black & Decker were worth $3,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in Stanley Black & Decker by 227.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 67,021 shares of the industrial products company’s stock worth $7,381,000 after purchasing an additional 46,544 shares during the last quarter. National Pension Service purchased a new position in shares of Stanley Black & Decker in the 3rd quarter worth about $5,466,000. QRG Capital Management Inc. boosted its holdings in shares of Stanley Black & Decker by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 3,301 shares of the industrial products company’s stock worth $364,000 after buying an additional 226 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Stanley Black & Decker by 11.1% in the 3rd quarter. Impax Asset Management Group plc now owns 411,470 shares of the industrial products company’s stock worth $45,315,000 after buying an additional 41,043 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC purchased a new position in Stanley Black & Decker in the third quarter valued at about $268,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SWK shares. Mizuho upgraded shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Thursday, December 19th. Barclays dropped their price objective on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group assumed coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a “buy” rating and a $103.00 price target on the stock. UBS Group dropped their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.00.

Stanley Black & Decker Stock Up 4.6 %

SWK stock opened at $89.07 on Friday. The stock has a 50-day simple moving average of $85.27 and a two-hundred day simple moving average of $92.15. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. The firm has a market capitalization of $13.75 billion, a PE ratio of 45.91, a PEG ratio of 1.33 and a beta of 1.25. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating 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, equities analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed 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 3.68%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is 169.07%.

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 Storage segment, and Industrial segment.