CenterBook Partners LP Boosts Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

CenterBook Partners LP lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 648.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,524 shares of the industrial products company's stock after purchasing an additional 72,359 shares during the quarter. CenterBook Partners LP owned 0.05% of Stanley Black & Decker worth $6,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in Stanley Black & Decker by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,109,064 shares of the industrial products company's stock valued at $85,265,000 after purchasing an additional 37,966 shares during the period. ASR Vermogensbeheer N.V. purchased a new stake in shares of Stanley Black & Decker in the first quarter worth about $16,412,000. CM Management LLC purchased a new stake in shares of Stanley Black & Decker in the first quarter worth about $769,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Stanley Black & Decker by 8.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,159 shares of the industrial products company's stock worth $166,000 after buying an additional 174 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in Stanley Black & Decker by 7.8% during the first quarter. Atria Wealth Solutions Inc. now owns 9,667 shares of the industrial products company's stock valued at $743,000 after purchasing an additional 703 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SWK. Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $90.00 in a research report on Tuesday, May 13th. Wells Fargo & Company increased their price objective on Stanley Black & Decker from $60.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 1st. UBS Group dropped their target price on Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research report on Monday, May 5th. Finally, Robert W. Baird lifted their price target on Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $92.10.

Stanley Black & Decker Price Performance

Shares of Stanley Black & Decker stock traded down $1.79 on Tuesday, hitting $69.79. The company's stock had a trading volume of 1,704,329 shares, compared to its average volume of 2,027,091. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 1.10. Stanley Black & Decker, Inc. has a 1 year low of $53.91 and a 1 year high of $110.88. The firm has a fifty day moving average price of $67.56 and a 200-day moving average price of $73.97. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.18.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a return on equity of 7.85% and a net margin of 2.40%. The company had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.56 EPS. Stanley Black & Decker's revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

Stanley Black & Decker 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.