Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,780 shares of the industrial products company’s stock after selling 735 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Stanley Black & Decker were worth $2,632,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SWK. Ridgewood Investments LLC bought a new stake in shares of Stanley Black & Decker in the fourth quarter worth about $36,000. Cape Investment Advisory Inc. grew its position in shares of Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock worth $37,000 after buying an additional 237 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after buying an additional 199 shares during the period. Montag A & Associates Inc. bought a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $44,000. Finally, Crews Bank & Trust purchased a new stake in Stanley Black & Decker in the fourth quarter worth $49,000. 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 50-day simple moving average of $85.45 and a two-hundred day simple moving average of $90.63. The firm has a market cap of $12.67 billion, a P/E ratio of 42.27, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

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

Stanley Black & Decker Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on SWK. Barclays decreased their price objective on shares of Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a “buy” rating and a $103.00 target price on the stock. UBS Group lowered their target price on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.00.

About Stanley Black & Decker

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.