Stanley Black & Decker, Inc. (NYSE:SWK) Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd grew its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 100.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 51,869 shares of the industrial products company’s stock after acquiring an additional 26,053 shares during the period. Quadrature Capital Ltd’s holdings in Stanley Black & Decker were worth $5,089,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. M&T Bank Corp grew its position in shares of Stanley Black & Decker by 0.3% in the 4th quarter. M&T Bank Corp now owns 37,763 shares of the industrial products company’s stock valued at $3,705,000 after buying an additional 113 shares during the last quarter. Crestwood Advisors Group LLC grew its position in shares of Stanley Black & Decker by 0.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 20,885 shares of the industrial products company’s stock valued at $2,049,000 after buying an additional 117 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Stanley Black & Decker by 39.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 496 shares of the industrial products company’s stock valued at $49,000 after buying an additional 140 shares during the last quarter. Kinloch Capital LLC grew its position in shares of Stanley Black & Decker by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 37,691 shares of the industrial products company’s stock valued at $3,150,000 after buying an additional 141 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Stanley Black & Decker by 41.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 547 shares of the industrial products company’s stock valued at $46,000 after buying an additional 160 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Down 0.3 %

Shares of NYSE:SWK opened at $84.13 on Wednesday. The company has a market cap of $12.95 billion, a price-to-earnings ratio of -121.93, a PEG ratio of 2.29 and a beta of 1.29. The firm’s 50-day simple moving average is $87.73 and its 200-day simple moving average is $91.42. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $104.21.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Thursday, May 2nd. The industrial products company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.83 billion. Stanley Black & Decker had a negative net margin of 0.66% and a positive return on equity of 3.95%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 4.09 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Tuesday, June 4th. Stanley Black & Decker’s dividend payout ratio (DPR) is -469.56%.

Insider Activity at Stanley Black & Decker

In related news, SVP Janet Link sold 3,442 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $86.80, for a total value of $298,765.60. Following the completion of the sale, the senior vice president now owns 32,860 shares in the company, valued at $2,852,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

SWK has been the topic of a number of recent analyst reports. Barclays downgraded shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $100.00 to $86.00 in a research report on Tuesday, June 4th. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $98.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Stanley Black & Decker has an average rating of “Hold” and an average price target of $95.44.

About Stanley Black & Decker

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.