Versor Investments LP Acquires 6,421 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• Versor Investments LP has increased its holdings in Stanley Black & Decker by 38.3%, now owning a total of 23,175 shares valued at approximately $1.78 million.
• Stanley Black & Decker announced a quarterly dividend of $0.83, a slight increase from the previous quarter, with a current annualized yield of 4.5%.
• A variety of hedge funds are actively trading Stanley Black & Decker, with 87.77% of the stock currently owned by institutional investors.

Versor Investments LP increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 38.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,175 shares of the industrial products company's stock after acquiring an additional 6,421 shares during the quarter. Versor Investments LP's holdings in Stanley Black & Decker were worth $1,782,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Stanley Black & Decker by 18.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,435 shares of the industrial products company's stock worth $1,494,000 after acquiring an additional 3,009 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Stanley Black & Decker in the first quarter valued at $245,000. GAMMA Investing LLC raised its stake in shares of Stanley Black & Decker by 40.5% in the first quarter. GAMMA Investing LLC now owns 4,521 shares of the industrial products company's stock valued at $348,000 after buying an additional 1,304 shares during the period. Private Advisor Group LLC raised its stake in shares of Stanley Black & Decker by 2.1% in the first quarter. Private Advisor Group LLC now owns 14,441 shares of the industrial products company's stock valued at $1,110,000 after buying an additional 292 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Stanley Black & Decker by 17.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,200 shares of the industrial products company's stock valued at $2,079,000 after buying an additional 4,128 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SWK has been the topic of several research reports. Wall Street Zen lowered Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Robert W. Baird boosted their target price on Stanley Black & Decker from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wolfe Research upgraded Stanley Black & Decker from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, July 8th. UBS Group decreased their price objective on 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, Barclays decreased their price objective on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $91.10.

Stanley Black & Decker Trading Down 0.5%

Shares of SWK stock opened at $74.07 on Friday. The stock has a market capitalization of $11.47 billion, a PE ratio of 23.51, a P/E/G ratio of 1.64 and a beta of 1.16. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The business has a 50-day moving average of $69.52 and a 200 day moving average of $71.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.70. The business had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.01 billion. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. Stanley Black & Decker's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.32 annualized dividend and a dividend yield of 4.5%. This is an increase from Stanley Black & Decker's previous quarterly dividend of $0.82. Stanley Black & Decker's dividend payout ratio is currently 104.13%.

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.

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