Louisiana State Employees Retirement System Buys New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Louisiana State Employees Retirement System purchased a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,300 shares of the industrial products company’s stock, valued at approximately $912,000.

Other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in shares of Stanley Black & Decker during the third quarter worth approximately $33,000. EverSource Wealth Advisors LLC raised its stake in shares of Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 231 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Stanley Black & Decker during the third quarter worth approximately $44,000. ING Groep NV purchased a new position in shares of Stanley Black & Decker during the third quarter worth approximately $45,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Stanley Black & Decker by 41.3% during the third quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 160 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SWK shares. JPMorgan Chase & Co. cut 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 report on Tuesday, February 6th. Barclays raised their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Robert W. Baird cut their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company cut 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 report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.11.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $88.80 on Friday. The stock has a market cap of $13.66 billion, a P/E ratio of -42.69, a price-to-earnings-growth ratio of 2.45 and a beta of 1.34. The firm’s fifty day simple moving average is $91.52 and its 200 day simple moving average is $90.96. Stanley Black & Decker, Inc. has a twelve month low of $73.87 and a twelve month high of $104.21. 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 (NYSE:SWK) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.19. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.84 billion. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. As a group, research analysts predict that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, March 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently -155.77%.

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.