Alyeska Investment Group L.P. Has $8.32 Million Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Alyeska Investment Group L.P. lowered its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 83.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,669 shares of the industrial products company's stock after selling 522,206 shares during the period. Alyeska Investment Group L.P. owned about 0.07% of Stanley Black & Decker worth $8,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWK. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Stanley Black & Decker by 0.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,892 shares of the industrial products company's stock valued at $1,758,000 after purchasing an additional 149 shares during the last quarter. Mather Group LLC. grew its holdings in Stanley Black & Decker by 11.1% during the 4th quarter. Mather Group LLC. now owns 1,506 shares of the industrial products company's stock worth $121,000 after acquiring an additional 151 shares during the last quarter. Global X Japan Co. Ltd. raised its stake in shares of Stanley Black & Decker by 3.5% in the fourth quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock worth $406,000 after acquiring an additional 172 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Stanley Black & Decker by 3.7% during the fourth quarter. Metis Global Partners LLC now owns 5,108 shares of the industrial products company's stock worth $410,000 after purchasing an additional 180 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Stanley Black & Decker by 0.9% during the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock valued at $1,664,000 after purchasing an additional 181 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Stanley Black & Decker Stock Up 1.4 %

Shares of NYSE SWK traded up $0.86 during mid-day trading on Friday, hitting $62.71. The company had a trading volume of 2,867,096 shares, compared to its average volume of 1,817,486. Stanley Black & Decker, Inc. has a one year low of $53.91 and a one year high of $110.88. The company has a market capitalization of $9.70 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $69.12 and a two-hundred day simple moving average of $80.82.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. The company had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. The business's revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a $0.82 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 5.23%. Stanley Black & Decker's dividend payout ratio (DPR) is currently 136.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SWK shares. Barclays cut their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. UBS Group lowered their target price on shares of Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Jefferies Financial Group started coverage on Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. Citigroup decreased their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price objective on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $92.70.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the provision of power and hand tools, and related accessories, products, services and equipment for oil and gas, infrastructure applications, commercial electronic security and monitoring systems, healthcare solutions, and mechanical access solutions. It operates through the Tools and Outdoor and Industrial segments.