Stanley Black & Decker, Inc. $SWK Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 43.1% during the 3rd quarter, Holdings Channel reports. The firm owned 67,350 shares of the industrial products company’s stock after purchasing an additional 20,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Stanley Black & Decker were worth $5,967,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SWK. BlackRock Inc. purchased a new position in shares of Stanley Black & Decker during the 2nd quarter worth approximately $1,006,417,000. State Street Corp grew its holdings in Stanley Black & Decker by 5.0% during the 2nd quarter. State Street Corp now owns 8,751,801 shares of the industrial products company’s stock valued at $823,720,000 after buying an additional 416,614 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Stanley Black & Decker by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,976,851 shares of the industrial products company’s stock valued at $353,618,000 after buying an additional 92,573 shares during the last quarter. Nykredit A S purchased a new position in Stanley Black & Decker during the second quarter worth $166,378,000. Finally, Confluence Investment Management LLC purchased a new position in Stanley Black & Decker during the second quarter worth $126,909,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Trading Down 0.0%

Shares of Stanley Black & Decker stock opened at $103.42 on Monday. Stanley Black & Decker, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $105.17. The business’s fifty day moving average is $93.44 and its two-hundred day moving average is $85.60. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm has a market cap of $15.62 billion, a PE ratio of 25.22, a P/E/G ratio of 1.53 and a beta of 1.15.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Tuesday, December 1st will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, December 1st. Stanley Black & Decker’s dividend payout ratio is presently 81.95%.

Analysts Set New Price Targets

SWK has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Stanley Black & Decker in a report on Thursday. Mizuho decreased their price objective on Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 24th. Citigroup upped their target price on shares of Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Morgan Stanley set a $100.00 price target on shares of Stanley Black & Decker in a research note on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $94.11.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global manufacturer of tools, outdoor products and related equipment. The company serves professional contractors, industrial customers, do-it-yourself consumers and outdoor enthusiasts through a portfolio that includes power tools, hand tools, storage solutions, accessories, lawn and garden equipment, and other outdoor products.

Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER, Cub Cadet, Hustler and Troy-Bilt. Products are sold through retailers, distributors, e-commerce channels and other commercial outlets, supporting construction, maintenance, manufacturing, automotive repair and residential applications.

The company was formed in 2010 through the merger of The Stanley Works and The Black & Decker Corporation.