Teacher Retirement System of Texas Takes $1.73 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Teacher Retirement System of Texas purchased a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,536 shares of the industrial products company’s stock, valued at approximately $1,733,000.

A number of other large investors have also made changes to their positions in SWK. Atria Investments Inc boosted its stake in shares of Stanley Black & Decker by 25.2% during the 4th quarter. Atria Investments Inc now owns 9,684 shares of the industrial products company’s stock worth $778,000 after purchasing an additional 1,948 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth about $1,747,000. Raymond James Financial Inc. purchased a new position in shares of Stanley Black & Decker during the 4th quarter worth about $15,607,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stanley Black & Decker by 2.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 82,526 shares of the industrial products company’s stock worth $6,626,000 after acquiring an additional 2,114 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Stanley Black & Decker by 0.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 25,839 shares of the industrial products company’s stock valued at $2,075,000 after buying an additional 217 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

SWK stock opened at $72.89 on Friday. The company has a quick ratio of 0.36, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of $67.33 and a 200 day simple moving average of $74.13. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88. The company has a market capitalization of $11.28 billion, a P/E ratio of 30.24, a PEG ratio of 1.41 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the business earned $0.56 earnings per share. Stanley Black & Decker’s revenue for the quarter was down 3.2% compared to the same quarter last year. Sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Tuesday, June 3rd. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 136.10%.

Analyst Upgrades and Downgrades

SWK has been the topic of several research reports. Wolfe Research upgraded shares of Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company lifted their price target on shares of Stanley Black & Decker from $60.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. Wall Street Zen upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group decreased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.10.

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 Outdoor and Industrial segments.