New York State Teachers Retirement System trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,794 shares of the industrial products company’s stock after selling 16,989 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of Stanley Black & Decker worth $39,976,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Westpac Banking Corp boosted its holdings in Stanley Black & Decker by 16.5% in the 3rd quarter. Westpac Banking Corp now owns 10,773 shares of the industrial products company’s stock valued at $1,626,000 after purchasing an additional 1,522 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Stanley Black & Decker by 12.3% in the 3rd quarter. Victory Capital Management Inc. now owns 43,939 shares of the industrial products company’s stock valued at $6,634,000 after purchasing an additional 4,829 shares during the last quarter. OLD National Bancorp IN acquired a new position in Stanley Black & Decker in the 3rd quarter valued at about $209,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Stanley Black & Decker in the 3rd quarter valued at approximately $2,299,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Stanley Black & Decker by 6.2% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 23,793 shares of the industrial products company’s stock valued at $3,592,000 after acquiring an additional 1,394 shares during the period. Institutional investors own 83.60% of the company’s stock.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Friday, December 1st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.56%. Stanley Black & Decker’s dividend payout ratio (DPR) is 31.82%.

A number of research firms have recently issued reports on SWK. Robert W. Baird boosted their price target on shares of Stanley Black & Decker from $162.00 to $172.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Nomura set a $180.00 price target on shares of Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co boosted their price target on shares of Stanley Black & Decker from $152.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp boosted their price target on shares of Stanley Black & Decker from $160.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, October 13th. Finally, FBR & Co boosted their price target on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $167.29.

In other news, SVP Joseph R. Voelker sold 10,432 shares of Stanley Black & Decker stock in a transaction that occurred on Tuesday, September 19th. The shares were 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 owns 25,810 shares in the company, valued at $3,875,371.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John H. Wyatt sold 6,956 shares of Stanley Black & Decker stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $147.96, for a total transaction of $1,029,209.76. Following the sale, the insider now owns 49,188 shares in the company, valued at approximately $7,277,856.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,322 shares of company stock worth $16,527,453. 1.15% of the stock is currently owned by corporate insiders.

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.

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

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