Public Employees Retirement System of Ohio Purchases 530 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Public Employees Retirement System of Ohio raised its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,349 shares of the industrial products company’s stock after acquiring an additional 530 shares during the period. Public Employees Retirement System of Ohio’s holdings in Stanley Black & Decker were worth $4,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cape Investment Advisory Inc. boosted its stake in shares of Stanley Black & Decker by 107.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 237 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at $40,000. SRS Capital Advisors Inc. boosted its stake in shares of Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 199 shares during the period. Montag A & Associates Inc. purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at $44,000. Finally, Crews Bank & Trust purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at $49,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised shares of Stanley Black & Decker from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $90.00 in a research note on Tuesday, May 13th. UBS Group lowered their price objective on shares of Stanley Black & Decker from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Stanley Black & Decker from $93.00 to $60.00 and set an “underweight” rating for the company in a research note on Monday, May 5th. Finally, Robert W. Baird upped their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker presently has an average rating of “Hold” and a consensus target price of $91.10.

Stanley Black & Decker Stock Performance

SWK stock opened at $66.52 on Friday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 1.33 and a beta of 1.19. The firm has a 50-day simple moving average of $64.93 and a two-hundred day simple moving average of $77.94. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The company’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Tuesday, June 3rd. Stanley Black & Decker’s payout ratio is currently 136.10%.

Stanley Black & Decker Company Profile

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.