South Dakota Investment Council Cuts Stake in Stanley Black & Decker, Inc. (NYSE:SWK)

South Dakota Investment Council reduced its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,829 shares of the industrial products company’s stock after selling 4,900 shares during the period. South Dakota Investment Council’s holdings in Stanley Black & Decker were worth $14,110,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC increased its position in shares of Stanley Black & Decker by 80.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 231 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $44,000. ING Groep NV purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $45,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Stanley Black & Decker by 41.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 160 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWK has been the topic of a number of recent analyst reports. Robert W. Baird dropped their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. dropped their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 6th. Barclays increased their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Stock Performance

NYSE:SWK traded up $1.40 during trading hours on Tuesday, reaching $90.75. 1,095,518 shares of the company’s stock were exchanged, compared to its average volume of 1,284,562. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of -43.63, a P/E/G ratio of 2.41 and a beta of 1.34. The company has a 50-day moving average of $91.50 and a 200 day moving average of $90.98. The company has a quick ratio of 0.39, a current ratio of 1.19 and a debt-to-equity ratio of 0.67. Stanley Black & Decker, Inc. has a 1-year low of $73.87 and a 1-year high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the business earned ($0.10) EPS. Stanley Black & Decker’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts anticipate 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 was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

Stanley Black & Decker 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.