New Mexico Educational Retirement Board lowered its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,243 shares of the industrial products company’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Stanley Black & Decker were worth $2,004,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Reliance Trust Co. of Delaware acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at $345,000. Tompkins Financial Corp increased its stake in shares of Stanley Black & Decker by 689.6% in the first quarter. Tompkins Financial Corp now owns 987 shares of the industrial products company’s stock valued at $104,000 after buying an additional 862 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at $213,000. BKD Wealth Advisors LLC increased its stake in shares of Stanley Black & Decker by 11.3% in the first quarter. BKD Wealth Advisors LLC now owns 2,904 shares of the industrial products company’s stock valued at $386,000 after buying an additional 296 shares during the period. Finally, TNB Financial acquired a new stake in shares of Stanley Black & Decker during the first quarter valued at $273,000. Institutional investors and hedge funds own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (SWK) opened at 138.30 on Friday. The firm has a market cap of $21.18 billion, a P/E ratio of 17.71 and a beta of 1.10. Stanley Black & Decker, Inc. has a 12 month low of $111.89 and a 12 month high of $148.32. The company has a 50-day moving average of $142.90 and a 200-day moving average of $134.93.

Stanley Black & Decker (NYSE:SWK) last issued its quarterly earnings results on Monday, July 24th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the business posted $1.84 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts forecast that Stanley Black & Decker, Inc. will post $7.30 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be paid a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.58. This represents a $2.52 annualized dividend and a yield of 1.82%. Stanley Black & Decker’s dividend payout ratio is currently 29.74%.

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Several brokerages have recently weighed in on SWK. FBR & Co reiterated an “outperform” rating on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Wolfe Research began coverage on shares of Stanley Black & Decker in a research note on Tuesday, July 11th. They set an “outperform” rating and a $160.00 target price for the company. BidaskClub downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, MKM Partners began coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They set a “buy” rating and a $166.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total transaction of $1,457,006.40. Following the completion of the sale, the senior vice president now directly owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by corporate insiders.

About Stanley Black & Decker

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

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

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