Texas Permanent School Fund Corp Sells 7,031 Shares of Stanley Black & Decker, Inc. $SWK

Texas Permanent School Fund Corp decreased its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 41.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,997 shares of the industrial products company’s stock after selling 7,031 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Stanley Black & Decker were worth $677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SWK. Vest Financial LLC grew its holdings in Stanley Black & Decker by 46.4% in the second quarter. Vest Financial LLC now owns 903,163 shares of the industrial products company’s stock worth $61,189,000 after purchasing an additional 286,331 shares during the period. Baird Financial Group Inc. boosted its position in shares of Stanley Black & Decker by 773.1% in the 2nd quarter. Baird Financial Group Inc. now owns 53,278 shares of the industrial products company’s stock worth $3,610,000 after purchasing an additional 47,176 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Stanley Black & Decker by 38.8% in the 2nd quarter. ProShare Advisors LLC now owns 2,723,331 shares of the industrial products company’s stock worth $184,506,000 after buying an additional 761,191 shares during the last quarter. Acadian Asset Management LLC bought a new position in Stanley Black & Decker during the 2nd quarter valued at approximately $10,128,000. Finally, Rempart Asset Management Inc. raised its stake in Stanley Black & Decker by 22.5% during the second quarter. Rempart Asset Management Inc. now owns 156,704 shares of the industrial products company’s stock valued at $10,617,000 after buying an additional 28,826 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of Stanley Black & Decker in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $80.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Robert W. Baird raised their price target on shares of Stanley Black & Decker from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley set a $88.00 price objective on Stanley Black & Decker in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.33.

Stanley Black & Decker Stock Performance

Shares of SWK stock opened at $74.87 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average price of $70.18 and a 200-day moving average price of $71.21. Stanley Black & Decker, Inc. has a 52 week low of $53.91 and a 52 week high of $91.06. The firm has a market capitalization of $11.60 billion, a PE ratio of 25.91, a P/E/G ratio of 2.12 and a beta of 1.20.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. The company had revenue of $3.72 billion for the quarter. Stanley Black & Decker had a net margin of 2.89% and a return on equity of 8.10%. As a group, equities research analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were issued a $0.83 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $3.32 annualized dividend and a dividend yield of 4.4%. Stanley Black & Decker’s payout ratio is presently 114.88%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc (NYSE:SWK) is a leading global manufacturer of industrial tools, engineered fastening systems, and security products. The company’s portfolio includes power tools, hand tools, accessories, and storage solutions marketed under well-known brands such as DEWALT, Stanley, Craftsman and Black & Decker. In addition to its core tools and hardware offerings, the company provides customized assembly and installation systems for the automotive, electronics and aerospace industries.

Operations are organized across three principal business segments.