State of Alaska Department of Revenue Purchases 475 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

State of Alaska Department of Revenue increased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,051 shares of the industrial products company’s stock after acquiring an additional 475 shares during the quarter. State of Alaska Department of Revenue’s holdings in Stanley Black & Decker were worth $1,387,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SWK. Hanson & Doremus Investment Management bought a new position in shares of Stanley Black & Decker in the first quarter worth about $31,000. Cape Investment Advisory Inc. boosted its stake in Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the period. Millstone Evans Group LLC bought a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. boosted its stake in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Finally, CX Institutional bought a new stake in Stanley Black & Decker during the 1st quarter valued at approximately $43,000. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $66.38 on Wednesday. The stock has a 50-day simple moving average of $64.47 and a 200 day simple moving average of $75.15. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $110.88. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.70 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 2.40% and a return on equity of 7.85%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.73 billion. During the same quarter last year, the company posted $0.56 EPS. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a $0.82 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 4.94%. Stanley Black & Decker’s payout ratio is 136.10%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Robert W. Baird upped their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 1st. Barclays raised Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. Wells Fargo & Company cut their price target on Stanley Black & Decker from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price target on Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a report on Monday, May 5th. Finally, UBS Group cut their price target on Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $91.10.

Stanley Black & Decker Company Profile

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 Outdoor and Industrial segments.