Stanley Black & Decker, Inc. (NYSE:SWK) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 67,578 shares of the industrial products company’s stock after acquiring an additional 420 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Stanley Black & Decker were worth $5,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in Stanley Black & Decker during the 4th quarter worth $36,000. Cape Investment Advisory Inc. increased its position in Stanley Black & Decker by 107.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 237 shares during the period. Millstone Evans Group LLC purchased a new stake in Stanley Black & Decker during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. lifted its position in Stanley Black & Decker by 61.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 199 shares during the period. Finally, Montag A & Associates Inc. purchased a new position in shares of Stanley Black & Decker in the 4th quarter valued at approximately $44,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

SWK opened at $60.07 on Tuesday. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The stock has a market cap of $9.28 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.33 and a beta of 1.14. The stock’s 50 day simple moving average is $78.98 and its 200 day simple moving average is $86.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. As a group, equities analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 5.46%. Stanley Black & Decker’s dividend payout ratio is presently 169.07%.

Wall Street Analyst Weigh In

SWK has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. Mizuho raised shares of Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. Citigroup cut their price target on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Barclays cut their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $102.20.

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.