Retirement Systems of Alabama boosted its stake in Stanley Black & Decker, Inc. (NYSE:SWK) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 74,169 shares of the industrial products company’s stock after buying an additional 414 shares during the period. Retirement Systems of Alabama’s holdings in Stanley Black & Decker were worth $10,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWK. BlackRock Inc. boosted its position in Stanley Black & Decker by 1,670.7% in the first quarter. BlackRock Inc. now owns 10,447,937 shares of the industrial products company’s stock valued at $1,388,216,000 after buying an additional 9,857,885 shares during the period. Boston Partners boosted its position in Stanley Black & Decker by 9.7% in the first quarter. Boston Partners now owns 3,714,012 shares of the industrial products company’s stock valued at $493,481,000 after buying an additional 329,259 shares during the period. Cornerstone Investment Partners LLC boosted its position in Stanley Black & Decker by 4,009.6% in the second quarter. Cornerstone Investment Partners LLC now owns 327,497 shares of the industrial products company’s stock valued at $46,089,000 after buying an additional 319,528 shares during the period. State Street Corp boosted its position in Stanley Black & Decker by 3.2% in the first quarter. State Street Corp now owns 7,828,768 shares of the industrial products company’s stock valued at $1,040,211,000 after buying an additional 244,854 shares during the period. Finally, Geode Capital Management LLC boosted its position in Stanley Black & Decker by 15.5% in the first quarter. Geode Capital Management LLC now owns 1,661,823 shares of the industrial products company’s stock valued at $220,525,000 after buying an additional 223,099 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.

Shares of Stanley Black & Decker, Inc. (NYSE:SWK) opened at 139.15 on Friday. The stock has a 50 day moving average of $142.81 and a 200 day moving average of $135.07. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 17.82 and a beta of 1.10. Stanley Black & Decker, Inc. has a 52-week low of $111.89 and a 52-week high of $148.32.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Monday, July 24th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.18 billion. Stanley Black & Decker had a net margin of 9.92% and a return on equity of 15.36%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.84 earnings per share. On average, equities research analysts expect that Stanley Black & Decker, Inc. will post $7.30 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 1st will be issued a $0.63 dividend. This is an increase from Stanley Black & Decker’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.81%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 29.74%.

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SWK has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, June 22nd. J P Morgan Chase & Co upgraded shares of Stanley Black & Decker from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $140.00 to $152.00 in a report on Monday, April 24th. Barclays PLC boosted their price target on shares of Stanley Black & Decker from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Imperial Capital boosted their target price on shares of Stanley Black & Decker from $125.00 to $148.00 and gave the company an “in-line” rating in a research note on Tuesday, May 9th. Finally, MKM Partners assumed coverage on shares of Stanley Black & Decker in a research note on Friday, July 7th. They issued a “buy” rating and a $166.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $154.00.

In related news, SVP Jaime A. Ramirez sold 10,440 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $139.56, for a total value of $1,457,006.40. Following the transaction, the senior vice president now owns 41,541 shares of the company’s stock, valued at $5,797,461.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.15% of the company’s stock.

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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