Maryland State Retirement & Pension System Sells 1,022 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Maryland State Retirement & Pension System decreased its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 12.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,183 shares of the industrial products company’s stock after selling 1,022 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Stanley Black & Decker were worth $552,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SWK. Vontobel Holding Ltd. boosted its stake in shares of Stanley Black & Decker by 3.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,494 shares of the industrial products company’s stock valued at $345,000 after purchasing an additional 165 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in shares of Stanley Black & Decker by 0.7% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 24,854 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 174 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Stanley Black & Decker by 8.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Stanley Black & Decker by 9.2% in the 1st quarter. Allworth Financial LP now owns 2,321 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 195 shares in the last quarter. Finally, Coastline Trust Co boosted its stake in shares of Stanley Black & Decker by 5.0% in the 4th quarter. Coastline Trust Co now owns 4,190 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.9%

Shares of NYSE SWK opened at $74.53 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.34 and a debt-to-equity ratio of 0.52. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The firm has a market capitalization of $11.54 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16. The firm has a fifty day simple moving average of $69.36 and a two-hundred day simple moving average of $72.09.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.38 by $0.70. Stanley Black & Decker had a net margin of 3.15% and a return on equity of 7.76%. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a yield of 4.5%. Stanley Black & Decker’s dividend payout ratio (DPR) is currently 104.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. 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 report on Monday, May 5th. Wall Street Zen cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Barclays dropped their price target on shares of Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.10.

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.