Oregon Public Employees Retirement Fund Grows Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Oregon Public Employees Retirement Fund boosted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,100 shares of the industrial products company’s stock after purchasing an additional 257 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Stanley Black & Decker were worth $2,328,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SWK. Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 16.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,486 shares of the industrial products company’s stock valued at $231,995,000 after acquiring an additional 269,736 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Stanley Black & Decker by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after purchasing an additional 109,205 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Stanley Black & Decker by 1,836.3% during the fourth quarter. Two Sigma Investments LP now owns 7,745 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 7,345 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Stanley Black & Decker during the fourth quarter valued at approximately $287,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Stanley Black & Decker in the 4th quarter worth approximately $490,000. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Stanley Black & Decker stock traded down $1.41 during midday trading on Friday, reaching $140.81. The stock had a trading volume of 818,902 shares, compared to its average volume of 1,117,895. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. Stanley Black & Decker, Inc. has a 52-week low of $106.41 and a 52-week high of $155.22. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.36. The stock has a fifty day simple moving average of $145.51.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the company posted $2.57 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 8.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.69 dividend. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio is 32.39%.

In related news, SVP Jaime A. Ramirez sold 9,850 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the sale, the senior vice president now directly owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jaime A. Ramirez sold 1,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $136.94, for a total transaction of $136,940.00. Following the completion of the sale, the senior vice president now directly owns 38,356 shares in the company, valued at $5,252,470.64. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

A number of research firms have commented on SWK. Gabelli downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Robert W. Baird set a $158.00 target price on shares of Stanley Black & Decker and gave the stock a “buy” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Stanley Black & Decker from $133.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Finally, Deutsche Bank decreased their price target on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and an average price target of $157.06.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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

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