Stanley Black & Decker, Inc. (NYSE:SWK) Shares Purchased by TIAA Trust National Association

TIAA Trust National Association boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,716 shares of the industrial products company’s stock after buying an additional 918 shares during the period. TIAA Trust National Association’s holdings in Stanley Black & Decker were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of Stanley Black & Decker by 29.8% during the third quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock worth $927,000 after buying an additional 1,933 shares during the period. Pathstone Holdings LLC lifted its position in Stanley Black & Decker by 4.6% during the 3rd quarter. Pathstone Holdings LLC now owns 12,821 shares of the industrial products company’s stock worth $1,412,000 after acquiring an additional 560 shares during the period. Cerity Partners LLC grew its stake in shares of Stanley Black & Decker by 106.3% in the 3rd quarter. Cerity Partners LLC now owns 34,463 shares of the industrial products company’s stock valued at $3,795,000 after purchasing an additional 17,756 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Stanley Black & Decker by 64.3% in the third quarter. Bank of Montreal Can now owns 298,266 shares of the industrial products company’s stock valued at $32,726,000 after purchasing an additional 116,754 shares during the period. Finally, Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Stanley Black & Decker during the third quarter worth approximately $617,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Ratings Changes

SWK has been the topic of several recent research reports. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price objective on the stock. UBS Group cut their price target on shares of Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 7th. 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. Mizuho raised Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 target price for the company in a research note on Thursday, December 19th. Finally, Barclays decreased their price target on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.20.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $76.46 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30. The stock has a market cap of $11.82 billion, a PE ratio of 39.41, a P/E/G ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $76.25 and a 1 year high of $110.88. The stock has a fifty day moving average price of $85.03 and a 200 day moving average price of $90.20.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a dividend yield of 4.29%. Stanley Black & Decker’s dividend payout ratio is currently 169.07%.

Stanley Black & Decker Profile

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.