Illinois Municipal Retirement Fund Buys Shares of 11,938 Stanley Black & Decker, Inc. (NYSE:SWK)

Illinois Municipal Retirement Fund purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,938 shares of the industrial products company's stock, valued at approximately $959,000.

A number of other institutional investors also recently modified their holdings of SWK. Ridgewood Investments LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter worth $36,000. Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter worth about $44,000. Crews Bank & Trust bought a new position in Stanley Black & Decker in the 4th quarter worth about $49,000. R Squared Ltd bought a new stake in shares of Stanley Black & Decker during the fourth quarter valued at about $54,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Stanley Black & Decker by 363.8% in the third quarter. Sunbelt Securities Inc. now owns 654 shares of the industrial products company's stock worth $72,000 after buying an additional 513 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Up 0.7 %

SWK traded up $0.62 on Thursday, hitting $84.25. 712,204 shares of the company were exchanged, compared to its average volume of 1,797,388. 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, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The firm has a fifty day simple moving average of $85.01 and a two-hundred day simple moving average of $92.26. The stock has a market capitalization of $13.01 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 1.33 and a beta of 1.24.

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Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 EPS 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%. Sell-side analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.89%. Stanley Black & Decker's dividend payout ratio is presently 169.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWK shares. Wells Fargo & Company reduced 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 research note on Tuesday, January 7th. Citigroup decreased their target price 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. 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 for the company. Barclays lowered their target price on shares of 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. Finally, UBS Group cut their price target on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus 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 Storage segment, and Industrial segment.