Municipal Employees Retirement System of Michigan Has $2.58 Million Position in Stanley Black & Decker, Inc. (SWK)

Municipal Employees Retirement System of Michigan lowered its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,070 shares of the industrial products company’s stock after selling 900 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Stanley Black & Decker were worth $2,577,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Stanley Black & Decker by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 11,396,761 shares of the industrial products company’s stock valued at $1,603,865,000 after purchasing an additional 287,124 shares during the period. Voya Investment Management LLC boosted its position in Stanley Black & Decker by 1.3% during the 2nd quarter. Voya Investment Management LLC now owns 1,683,478 shares of the industrial products company’s stock worth $236,916,000 after acquiring an additional 20,995 shares during the period. Pictet Asset Management Ltd. boosted its position in Stanley Black & Decker by 45.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,077,720 shares of the industrial products company’s stock worth $162,703,000 after acquiring an additional 335,500 shares during the period. Sanders Capital LLC boosted its position in Stanley Black & Decker by 2.7% during the 3rd quarter. Sanders Capital LLC now owns 822,648 shares of the industrial products company’s stock worth $125,927,000 after acquiring an additional 22,000 shares during the period. Finally, Legal & General Group Plc boosted its position in Stanley Black & Decker by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 796,706 shares of the industrial products company’s stock worth $112,120,000 after acquiring an additional 72,281 shares during the period. Institutional investors and hedge funds own 82.01% of the company’s stock.

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SWK has been the subject of a number of analyst reports. Robert W. Baird reiterated a “hold” rating and set a $150.00 price target on shares of Stanley Black & Decker in a research report on Monday, August 28th. Northcoast Research initiated coverage on Stanley Black & Decker in a research report on Friday, October 20th. They set a “buy” rating and a $193.00 price target for the company. FBR & Co boosted their price target on Stanley Black & Decker from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, BidaskClub lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $167.29.

In other news, SVP Joseph R. Voelker sold 10,432 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $150.15, for a total transaction of $1,566,364.80. Following the sale, the senior vice president now directly owns 25,810 shares of the company’s stock, valued at $3,875,371.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John H. Wyatt sold 6,956 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $147.96, for a total value of $1,029,209.76. Following the sale, the insider now directly owns 49,188 shares in the company, valued at $7,277,856.48. The disclosure for this sale can be found here. Insiders have sold 140,257 shares of company stock worth $22,563,420 over the last ninety days. 1.15% of the stock is owned by insiders.

Stanley Black & Decker, Inc. (NYSE SWK) traded up $1.00 on Tuesday, hitting $163.97. The stock had a trading volume of 609,700 shares, compared to its average volume of 969,622. Stanley Black & Decker, Inc. has a 12 month low of $114.27 and a 12 month high of $168.25. The company has a quick ratio of 0.69, a current ratio of 1.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $24,991.73, a P/E ratio of 23.42, a PEG ratio of 2.12 and a beta of 1.02.

Stanley Black & Decker (NYSE:SWK) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.08. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.15 billion. Stanley Black & Decker had a return on equity of 15.41% and a net margin of 9.79%. Stanley Black & Decker’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. research analysts expect that Stanley Black & Decker, Inc. will post 7.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 30th. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 31.82%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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