Stanley Black & Decker, Inc. $SWK Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 43.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other hedge funds have also recently modified their holdings of the stock. North Dakota State Investment Board lifted its stake in shares of Stanley Black & Decker by 2.5% in the 3rd quarter. North Dakota State Investment Board now owns 4,713 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 117 shares during the period. Bessemer Group Inc. increased its stake in shares of Stanley Black & Decker by 1.5% during the first quarter. Bessemer Group Inc. now owns 9,223 shares of the industrial products company’s stock worth $654,000 after acquiring an additional 134 shares during the period. Assetmark Inc. increased its stake in shares of Stanley Black & Decker by 19.9% during the first quarter. Assetmark Inc. now owns 880 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 146 shares during the period. Center for Financial Planning Inc. raised its holdings in Stanley Black & Decker by 7.4% during the third quarter. Center for Financial Planning Inc. now owns 2,478 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 170 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in Stanley Black & Decker by 5.1% during the third quarter. V Square Quantitative Management LLC now owns 3,924 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 192 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stanley Black & Decker in a report on Thursday. Wall Street Zen cut Stanley Black & Decker from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 24th. Mizuho cut their target price on Stanley Black & Decker from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Citigroup raised their price target on Stanley Black & Decker from $100.00 to $107.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $93.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 29th. Four equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $94.11.

Stanley Black & Decker Stock Down 0.0%

Shares of NYSE SWK opened at $103.42 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.43 and a debt-to-equity ratio of 0.53. Stanley Black & Decker, Inc. has a 52 week low of $61.90 and a 52 week high of $105.17. The firm has a 50-day moving average price of $93.44 and a 200 day moving average price of $85.60. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15.

Stanley Black & Decker Dividend Announcement

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

Stanley Black & Decker Profile

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.