Teachers Retirement System of The State of Kentucky Has $969,000 Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 3.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,131 shares of the industrial products company’s stock after selling 371 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Stanley Black & Decker were worth $969,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Stanley Black & Decker by 0.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,200 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 100 shares during the last quarter. Czech National Bank boosted its position in Stanley Black & Decker by 0.5% during the first quarter. Czech National Bank now owns 26,975 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 124 shares during the last quarter. Copperwynd Financial LLC grew its stake in Stanley Black & Decker by 7.1% in the second quarter. Copperwynd Financial LLC now owns 2,316 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 153 shares in the last quarter. Rockland Trust Co. increased its position in shares of Stanley Black & Decker by 1.5% during the 2nd quarter. Rockland Trust Co. now owns 10,632 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 157 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of Stanley Black & Decker by 3.5% during the 1st quarter. Empirical Finance LLC now owns 5,550 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a report on Wednesday. Morgan Stanley assumed coverage on shares of Stanley Black & Decker in a research note on Friday, September 6th. They set an “equal weight” rating and a $107.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Stanley Black & Decker from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on Stanley Black & Decker from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an “underweight” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $102.25.

Stanley Black & Decker Price Performance

Stanley Black & Decker stock opened at $107.38 on Friday. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of -155.62, a PEG ratio of 2.88 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 0.42 and a debt-to-equity ratio of 0.64. Stanley Black & Decker, Inc. has a 12 month low of $76.26 and a 12 month high of $110.88. The stock’s 50 day moving average is $101.07 and its 200-day moving average is $92.59.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Stanley Black & Decker had a positive return on equity of 6.06% and a negative net margin of 1.87%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) EPS. Equities research analysts expect that Stanley Black & Decker, Inc. will post 4.22 EPS for the current year.

Stanley Black & Decker Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. Stanley Black & Decker’s dividend payout ratio is presently -475.36%.

Insider Transactions at Stanley Black & Decker

In related news, SVP Janet Link sold 13,520 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $103.91, for a total transaction of $1,404,863.20. Following the sale, the senior vice president now owns 31,960 shares of the company’s stock, valued at $3,320,963.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

About Stanley Black & Decker

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.