SG Americas Securities LLC Increases Position in Stanley Black & Decker, Inc. (NYSE:SWK)

SG Americas Securities LLC boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 183.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,019 shares of the industrial products company's stock after buying an additional 107,439 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Stanley Black & Decker worth $12,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Stratos Wealth Partners LTD. grew its position in shares of Stanley Black & Decker by 18.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,040 shares of the industrial products company's stock valued at $485,000 after purchasing an additional 926 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Stanley Black & Decker by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 387,488 shares of the industrial products company's stock valued at $31,111,000 after purchasing an additional 1,511 shares during the period. Apollon Wealth Management LLC grew its position in shares of Stanley Black & Decker by 245.5% in the fourth quarter. Apollon Wealth Management LLC now owns 7,559 shares of the industrial products company's stock valued at $607,000 after purchasing an additional 5,371 shares during the period. Empowered Funds LLC grew its position in shares of Stanley Black & Decker by 16.9% in the fourth quarter. Empowered Funds LLC now owns 4,292 shares of the industrial products company's stock valued at $345,000 after purchasing an additional 621 shares during the period. Finally, Entropy Technologies LP grew its position in shares of Stanley Black & Decker by 8.2% in the fourth quarter. Entropy Technologies LP now owns 6,111 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SWK shares. Wells Fargo & Company dropped their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Stanley Black & Decker from $93.00 to $60.00 and set an "underweight" rating on the stock in a research note on Monday, May 5th. Barclays raised shares of Stanley Black & Decker from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $69.00 to $90.00 in a research note on Tuesday, May 13th. UBS Group decreased their price target on shares of Stanley Black & Decker from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Jefferies Financial Group started coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Trading Down 3.2%

Shares of Stanley Black & Decker stock traded down $2.19 on Friday, reaching $65.23. The company had a trading volume of 1,730,195 shares, compared to its average volume of 1,970,859. Stanley Black & Decker, Inc. has a 52-week low of $53.91 and a 52-week high of $110.88. The firm's 50 day moving average price is $63.78 and its two-hundred day moving average price is $76.24. The firm has a market cap of $10.09 billion, a PE ratio of 33.62, a PEG ratio of 1.33 and a beta of 1.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.37 and a current ratio of 1.30.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period in the prior year, the firm earned $0.56 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

About Stanley Black & Decker

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.