State Board of Administration of Florida Retirement System Sells 6,582 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

State Board of Administration of Florida Retirement System trimmed its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,434 shares of the industrial products company's stock after selling 6,582 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.11% of Stanley Black & Decker worth $16,789,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SWK. Manchester Financial Inc. acquired a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $2,067,000. First Financial Bankshares Inc bought a new stake in shares of Stanley Black & Decker in the fourth quarter valued at about $6,161,000. Clarity Financial LLC lifted its stake in shares of Stanley Black & Decker by 84.8% in the fourth quarter. Clarity Financial LLC now owns 137,263 shares of the industrial products company's stock valued at $13,466,000 after buying an additional 62,967 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Stanley Black & Decker by 6.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,702 shares of the industrial products company's stock valued at $460,000 after buying an additional 297 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Stanley Black & Decker by 21.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,466 shares of the industrial products company's stock valued at $6,422,000 after buying an additional 11,446 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Stanley Black & Decker Price Performance

Shares of NYSE:SWK traded down $0.42 during trading on Friday, reaching $86.95. The stock had a trading volume of 1,388,764 shares, compared to its average volume of 1,408,789. Stanley Black & Decker, Inc. has a 52 week low of $76.26 and a 52 week high of $104.21. The business's 50-day moving average price is $84.95 and its 200 day moving average price is $89.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.09 and a quick ratio of 0.40. The stock has a market capitalization of $13.38 billion, a PE ratio of -126.01, a P/E/G ratio of 2.50 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The company had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.83 billion. During the same quarter in the previous year, the company posted ($0.41) earnings per share. Stanley Black & Decker's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Stanley Black & Decker, Inc. will post 3.97 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Tuesday, June 4th. Stanley Black & Decker's dividend payout ratio is currently -469.56%.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares of the company's stock, valued at $2,852,248. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on SWK. Barclays cut shares of Stanley Black & Decker from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $100.00 to $86.00 in a research note on Tuesday, June 4th. Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company cut their price target on shares of Stanley Black & Decker from $92.00 to $85.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $94.67.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.