State of Alaska Department of Revenue Lowers Position in Stanley Black & Decker, Inc. (NYSE:SWK)

State of Alaska Department of Revenue decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,371 shares of the industrial products company's stock after selling 7,420 shares during the period. State of Alaska Department of Revenue's holdings in Stanley Black & Decker were worth $2,793,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWK. Price T Rowe Associates Inc. MD boosted its holdings in Stanley Black & Decker by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 18,410,842 shares of the industrial products company's stock worth $1,802,975,000 after buying an additional 1,250,925 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Stanley Black & Decker by 8.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,733,749 shares of the industrial products company's stock worth $218,399,000 after purchasing an additional 212,103 shares in the last quarter. ProShare Advisors LLC boosted its stake in Stanley Black & Decker by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 1,983,993 shares of the industrial products company's stock worth $158,501,000 after purchasing an additional 118,927 shares during the period. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after buying an additional 267,013 shares in the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Stanley Black & Decker by 4.8% during the second quarter. Cooke & Bieler LP now owns 1,525,438 shares of the industrial products company's stock valued at $121,867,000 after buying an additional 69,850 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SWK shares. The Goldman Sachs Group raised their price target on shares of Stanley Black & Decker from $94.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their target price on Stanley Black & Decker from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday. Robert W. Baird decreased their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Stanley Black & Decker presently has a consensus rating of "Hold" and an average target price of $102.29.

Stanley Black & Decker Trading Up 0.5 %

Shares of SWK stock traded up $0.44 on Friday, hitting $93.38. 1,014,613 shares of the company's stock traded hands, compared to its average volume of 1,411,330. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of -68.16, a P/E/G ratio of 2.53 and a beta of 1.24. The company's fifty day simple moving average is $103.42 and its 200 day simple moving average is $93.75. Stanley Black & Decker, Inc. has a one year low of $77.70 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.42 and a current ratio of 1.29.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's payout ratio is -239.42%.

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.