State of New Jersey Common Pension Fund D Sells 2,011 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

State of New Jersey Common Pension Fund D trimmed its position in Stanley Black & Decker, Inc. (NYSE:SWKFree Report) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,250 shares of the industrial products company’s stock after selling 2,011 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Stanley Black & Decker were worth $7,042,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC purchased a new position in shares of Stanley Black & Decker in the third quarter worth about $33,000. Achmea Investment Management B.V. purchased a new position in shares of Stanley Black & Decker in the first quarter worth about $36,000. ICA Group Wealth Management LLC purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $37,000. Castleview Partners LLC raised its stake in shares of Stanley Black & Decker by 343.4% in the first quarter. Castleview Partners LLC now owns 501 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 388 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Stanley Black & Decker by 80.5% during the third quarter. EverSource Wealth Advisors LLC now owns 518 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 231 shares during the period. 90.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Stanley Black & Decker news, SVP Graham Robinson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $91.83, for a total transaction of $183,660.00. Following the sale, the senior vice president now owns 26,435 shares in the company, valued at approximately $2,427,526.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SWK has been the topic of several analyst reports. Barclays dropped their target price on Stanley Black & Decker from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. StockNews.com raised Stanley Black & Decker from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. dropped their target price on Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Citigroup raised Stanley Black & Decker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $118.00 in a report on Friday, October 27th. Finally, Wells Fargo & Company dropped their target price on Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.60.

Check Out Our Latest Stock Analysis on Stanley Black & Decker

Stanley Black & Decker Price Performance

SWK opened at $91.00 on Tuesday. The stock’s 50-day moving average price is $94.92 and its 200 day moving average price is $90.57. Stanley Black & Decker, Inc. has a 12-month low of $73.12 and a 12-month high of $104.21. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of -43.75, a PEG ratio of 1.74 and a beta of 1.35.

Stanley Black & Decker (NYSE:SWKGet Free Report) last posted its earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.19. Stanley Black & Decker had a positive return on equity of 2.34% and a negative net margin of 1.97%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.84 billion. During the same quarter in the prior year, the company earned ($0.10) EPS. Stanley Black & Decker’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Stanley Black & Decker, Inc. will post 4.12 earnings per share for the current year.

About Stanley Black & Decker

(Free Report)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

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

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