Stanley Black & Decker, Inc. (NYSE:SWK) Stock Position Lifted by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10,704.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 347,574 shares of the industrial products company's stock after acquiring an additional 344,357 shares during the period. GAMMA Investing LLC owned about 0.22% of Stanley Black & Decker worth $26,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Stanley Black & Decker by 0.7% during 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 in the last quarter. Mather Group LLC. boosted its stake in shares of 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 valued at $121,000 after buying an additional 151 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in shares of Stanley Black & Decker by 3.5% during the 4th quarter. Global X Japan Co. Ltd. now owns 5,056 shares of the industrial products company's stock valued at $406,000 after buying an additional 172 shares during the last quarter. Metis Global Partners LLC grew 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 buying an additional 180 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Stanley Black & Decker by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 20,725 shares of the industrial products company's stock worth $1,664,000 after buying an additional 181 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE SWK traded up $0.74 during mid-day trading on Friday, hitting $66.19. The company had a trading volume of 1,739,140 shares, compared to its average volume of 1,956,865. Stanley Black & Decker, Inc. has a 12 month low of $53.91 and a 12 month high of $110.88. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The firm's 50 day simple moving average is $63.43 and its two-hundred day simple moving average is $76.94.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. As a group, equities research analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's dividend payout ratio (DPR) is 136.10%.

Wall Street Analysts Forecast Growth

SWK has been the subject of several recent analyst reports. Jefferies Financial Group began coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company cut their price objective on Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird lifted their target price 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. Finally, Barclays upgraded Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $69.00 to $90.00 in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $91.10.

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.