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

GAMMA Investing LLC raised its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 10,704.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 have also recently bought and sold shares of the company. Cape Investment Advisory Inc. lifted its position in shares of Stanley Black & Decker by 107.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock worth $37,000 after buying an additional 237 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of Stanley Black & Decker during the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. lifted its holdings in Stanley Black & Decker by 61.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock worth $42,000 after acquiring an additional 199 shares during the period. Montag A & Associates Inc. purchased a new position in Stanley Black & Decker in the fourth quarter worth $44,000. Finally, Murphy & Mullick Capital Management Corp bought a new position in Stanley Black & Decker in the 4th quarter valued at $55,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $69.00 to $90.00 in a report on Tuesday, May 13th. Citigroup reduced their price objective on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Jefferies Financial Group started coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their price target on Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $91.10.

Stanley Black & Decker Stock Up 1.1%

SWK traded up $0.74 on Friday, hitting $66.19. The company had a trading volume of 1,739,110 shares, compared to its average volume of 1,950,034. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The stock has a fifty day simple moving average of $63.62 and a 200-day simple moving average of $77.21. 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 has a market capitalization of $10.24 billion, a P/E ratio of 34.12, a P/E/G ratio of 1.33 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 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.73 billion. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. Stanley Black & Decker's quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, equities analysts expect that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is 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.