Teacher Retirement System of Texas raised its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 34.1% during the 4th quarter, Holdings Channel reports. The firm owned 67,292 shares of the industrial products company’s stock after acquiring an additional 17,112 shares during the quarter. Teacher Retirement System of Texas’ holdings in Stanley Black & Decker were worth $11,419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWK. Janus Henderson Group PLC lifted its holdings in Stanley Black & Decker by 350.5% during the second quarter. Janus Henderson Group PLC now owns 92,085 shares of the industrial products company’s stock valued at $12,959,000 after purchasing an additional 71,645 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Stanley Black & Decker by 3.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,305 shares of the industrial products company’s stock valued at $3,280,000 after purchasing an additional 697 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Stanley Black & Decker during the second quarter valued at about $357,000. Advisory Services Network LLC lifted its holdings in Stanley Black & Decker by 11.0% during the second quarter. Advisory Services Network LLC now owns 1,739 shares of the industrial products company’s stock valued at $245,000 after purchasing an additional 172 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Stanley Black & Decker during the second quarter valued at about $351,000. 84.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jeffrey D. Ansell sold 5,737 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total value of $970,700.40. Following the sale, the executive vice president now directly owns 57,480 shares of the company’s stock, valued at $9,725,616. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.15% of the company’s stock.

Several equities research analysts have commented on SWK shares. KeyCorp reaffirmed a “buy” rating and set a $185.00 price objective on shares of Stanley Black & Decker in a report on Friday, November 17th. B. Riley reaffirmed a “buy” rating on shares of Stanley Black & Decker in a report on Wednesday, November 1st. Nomura set a $180.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a report on Wednesday, October 25th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Wednesday, October 18th. Finally, FBR & Co upped their price objective on shares of Stanley Black & Decker from $165.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $177.75.

Shares of Stanley Black & Decker, Inc. (SWK) opened at $158.04 on Tuesday. Stanley Black & Decker, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $176.62. The stock has a market cap of $23,651.43, a PE ratio of 20.76, a PEG ratio of 1.80 and a beta of 0.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 0.58.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Wednesday, January 24th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. research analysts predict that Stanley Black & Decker, Inc. will post 8.43 EPS for the current year.

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Stanley Black & Decker Profile

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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