Public Employees Retirement System of Ohio Has $6.15 Million Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Public Employees Retirement System of Ohio lowered its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,819 shares of the industrial products company’s stock after selling 2,781 shares during the period. Public Employees Retirement System of Ohio’s holdings in Stanley Black & Decker were worth $6,147,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SWK. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Stanley Black & Decker by 60.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 29,455 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 11,151 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Stanley Black & Decker by 12.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,305 shares of the industrial products company’s stock worth $6,176,000 after purchasing an additional 8,805 shares in the last quarter. State Street Corp lifted its stake in Stanley Black & Decker by 6.5% in the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company’s stock valued at $998,107,000 after purchasing an additional 549,531 shares during the last quarter. FMR LLC boosted its position in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company’s stock valued at $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, New South Capital Management Inc. increased its holdings in shares of Stanley Black & Decker by 7.4% during the third quarter. New South Capital Management Inc. now owns 236,219 shares of the industrial products company’s stock worth $26,015,000 after buying an additional 16,229 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their price objective on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on Stanley Black & Decker from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays upped their price target on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Robert W. Baird reduced their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.29.

Stanley Black & Decker Price Performance

Shares of NYSE SWK opened at $82.80 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $12.76 billion, a PE ratio of -60.44, a P/E/G ratio of 2.26 and a beta of 1.23. The firm has a fifty day simple moving average of $94.04 and a 200 day simple moving average of $93.57. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same period in the previous year, the business earned $1.05 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th will be paid a $0.82 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.28 annualized dividend and a dividend yield of 3.96%. Stanley Black & Decker’s dividend payout ratio is currently -239.42%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.