Stanley Black & Decker, Inc. (SWK) Shares Bought by Arizona State Retirement System

Arizona State Retirement System increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 2.3% during the 3rd quarter, Holdings Channel reports. The firm owned 65,535 shares of the industrial products company’s stock after purchasing an additional 1,485 shares during the period. Arizona State Retirement System’s holdings in Stanley Black & Decker were worth $9,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GWM Advisors LLC bought a new stake in Stanley Black & Decker in the third quarter valued at $280,000. Checchi Capital Advisers LLC bought a new stake in Stanley Black & Decker in the third quarter valued at $207,000. Sanders Capital LLC lifted its stake in Stanley Black & Decker by 0.9% in the third quarter. Sanders Capital LLC now owns 705,548 shares of the industrial products company’s stock valued at $103,218,000 after buying an additional 6,200 shares during the last quarter. K.J. Harrison & Partners Inc lifted its stake in Stanley Black & Decker by 20.0% in the third quarter. K.J. Harrison & Partners Inc now owns 18,000 shares of the industrial products company’s stock valued at $2,636,000 after buying an additional 3,000 shares during the last quarter. Finally, Hallmark Capital Management Inc. lifted its stake in Stanley Black & Decker by 44.0% in the third quarter. Hallmark Capital Management Inc. now owns 7,262 shares of the industrial products company’s stock valued at $1,063,000 after buying an additional 2,220 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

A number of equities research analysts have issued reports on SWK shares. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research note on Saturday, July 7th. Barclays cut their target price on Stanley Black & Decker from $181.00 to $164.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Wells Fargo & Co cut their target price on Stanley Black & Decker from $194.00 to $168.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Robert W. Baird reiterated a “neutral” rating on shares of Stanley Black & Decker in a research note on Friday, July 20th. Finally, ValuEngine upgraded Stanley Black & Decker from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $165.00.

In related news, SVP Jaime A. Ramirez sold 8,251 shares of Stanley Black & Decker stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $111.29, for a total transaction of $918,253.79. Following the transaction, the senior vice president now directly owns 36,566 shares of the company’s stock, valued at $4,069,430.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael David Hankin bought 907 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were purchased at an average cost of $112.93 per share, for a total transaction of $102,427.51. Following the completion of the acquisition, the director now owns 2,157 shares of the company’s stock, valued at $243,590.01. The disclosure for this purchase can be found here. 0.69% of the stock is owned by insiders.

Shares of NYSE SWK opened at $124.24 on Friday. Stanley Black & Decker, Inc. has a fifty-two week low of $106.41 and a fifty-two week high of $176.62. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The stock has a market cap of $17.10 billion, a P/E ratio of 16.68, a P/E/G ratio of 1.49 and a beta of 0.98.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.04. Stanley Black & Decker had a net margin of 7.22% and a return on equity of 16.71%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.59 billion. As a group, analysts predict that Stanley Black & Decker, Inc. will post 8.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Friday, November 30th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, November 29th. Stanley Black & Decker’s dividend payout ratio is currently 35.44%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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