State of Alaska Department of Revenue Sells 7,795 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

State of Alaska Department of Revenue trimmed its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,576 shares of the industrial products company's stock after selling 7,795 shares during the period. State of Alaska Department of Revenue's holdings in Stanley Black & Decker were worth $1,411,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. CWM LLC raised its position in Stanley Black & Decker by 124.5% during the third quarter. CWM LLC now owns 14,936 shares of the industrial products company's stock valued at $1,645,000 after buying an additional 8,283 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Stanley Black & Decker by 460.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 852 shares of the industrial products company's stock valued at $94,000 after buying an additional 700 shares during the period. Valeo Financial Advisors LLC acquired a new position in Stanley Black & Decker during the third quarter valued at $229,000. Exchange Traded Concepts LLC raised its position in Stanley Black & Decker by 256.9% during the third quarter. Exchange Traded Concepts LLC now owns 4,622 shares of the industrial products company's stock valued at $509,000 after buying an additional 3,327 shares during the period. Finally, Procyon Advisors LLC acquired a new position in Stanley Black & Decker during the third quarter valued at $255,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SWK shares. Morgan Stanley dropped their target price on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird dropped their target price on Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. UBS Group dropped their target price on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock 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 three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $103.00.

Stanley Black & Decker Stock Up 0.4 %

Shares of NYSE SWK traded up $0.37 during mid-day trading on Friday, reaching $87.18. 997,243 shares of the company traded hands, compared to its average volume of 1,974,818. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.42 and a current ratio of 1.30. The stock has a market cap of $13.44 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company's fifty day moving average is $83.90 and its two-hundred day moving average is $93.21. Stanley Black & Decker, Inc. has a fifty-two week low of $77.70 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share 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%. On average, analysts expect that Stanley Black & Decker, Inc. will post 5.09 earnings per share for the current year.

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.