California Public Employees Retirement System Has $20.07 Million Stock Position in Stanley Black & Decker, Inc. (NYSE:SWK)

California Public Employees Retirement System lowered its position in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 249,999 shares of the industrial products company's stock after selling 16,399 shares during the quarter. California Public Employees Retirement System owned 0.16% of Stanley Black & Decker worth $20,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. raised its stake in shares of Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 237 shares during the period. Millstone Evans Group LLC acquired a new position in shares of Stanley Black & Decker during the fourth quarter worth $40,000. SRS Capital Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 61.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new stake in Stanley Black & Decker during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SWK. Jefferies Financial Group began coverage on shares of 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 dropped their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company decreased their price target on 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 cut their price objective 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. Finally, Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price for the company in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker presently has an average rating of "Hold" and an average price target of $102.20.

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Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.56 during midday trading on Tuesday, reaching $58.72. 1,746,465 shares of the company's stock were exchanged, compared to its average volume of 1,656,555. The company's 50 day simple moving average is $82.88 and its two-hundred day simple moving average is $88.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The firm has a market capitalization of $9.07 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Stanley Black & Decker, Inc. has a 12 month low of $57.77 and a 12 month high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.59%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's 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 Outdoor and Industrial segments.