Public Employees Retirement System of Ohio decreased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 15.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,254 shares of the industrial products company’s stock after selling 34,746 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of Stanley Black & Decker worth $27,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BB&T Investment Services Inc. purchased a new position in shares of Stanley Black & Decker during the second quarter valued at $102,000. Acrospire Investment Management LLC grew its holdings in shares of Stanley Black & Decker by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the industrial products company’s stock valued at $113,000 after buying an additional 400 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Stanley Black & Decker by 22.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock valued at $131,000 after buying an additional 709 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in Stanley Black & Decker in the third quarter valued at about $141,000. Finally, Thompson Davis & CO. Inc. grew its stake in Stanley Black & Decker by 108.8% in the third quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.

A number of research analysts have commented on SWK shares. B. Riley restated a “buy” rating on shares of Stanley Black & Decker in a research note on Wednesday, November 1st. Nomura set a $180.00 target price on Stanley Black & Decker and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zelman & Associates upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Wednesday, October 18th. FBR & Co boosted their target price on Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, Northcoast Research started coverage on Stanley Black & Decker in a research note on Friday, October 20th. They issued a “buy” rating and a $193.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company’s stock. Stanley Black & Decker currently 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 the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 25,810 shares in the company, valued at approximately $3,875,371.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Donald Allan sold 30,090 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $163.11, for a total value of $4,907,979.90. Following the sale, the chief financial officer now owns 129,203 shares of the company’s stock, valued at approximately $21,074,301.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,038 shares of company stock valued at $22,504,911. 1.15% of the stock is currently owned by corporate insiders.

Stanley Black & Decker, Inc. (NYSE:SWK) traded up $0.77 on Friday, hitting $165.71. The stock had a trading volume of 1,267,206 shares, compared to its average volume of 799,572. The company has a market cap of $25,293.83, a P/E ratio of 23.70, a PEG ratio of 2.15 and a beta of 1.03. Stanley Black & Decker, Inc. has a 52 week low of $114.27 and a 52 week high of $170.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.69 and a current ratio of 1.26.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.52%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 31.82%.

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About Stanley Black & Decker

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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