XTX Topco Ltd Raises Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Key Points

• XTX Topco Ltd has increased its stake in Stanley Black & Decker by 286.3%, owning 13,775 shares valued at around $1.06 million as of its latest SEC filing.
• Stanley Black & Decker recently reported earnings of $1.08 per share, exceeding estimates, but its revenue decreased by 6.2% year-over-year to $3.95 billion.
• The company has announced a quarterly dividend increase to $0.83 per share, reflecting a 5.0% annual yield, despite having a payout ratio exceeding 100%.

XTX Topco Ltd boosted its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 286.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,775 shares of the industrial products company's stock after acquiring an additional 10,209 shares during the quarter. XTX Topco Ltd's holdings in Stanley Black & Decker were worth $1,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Research Global Investors boosted its stake in shares of Stanley Black & Decker by 126.5% in the 4th quarter. Capital Research Global Investors now owns 5,485,421 shares of the industrial products company's stock valued at $440,424,000 after buying an additional 3,063,114 shares during the period. Invesco Ltd. boosted its stake in shares of Stanley Black & Decker by 22.6% in the 4th quarter. Invesco Ltd. now owns 4,139,196 shares of the industrial products company's stock valued at $332,336,000 after buying an additional 763,219 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Stanley Black & Decker by 44.2% in the 4th quarter. Ameriprise Financial Inc. now owns 2,215,765 shares of the industrial products company's stock valued at $177,905,000 after buying an additional 679,359 shares during the period. Marshall Wace LLP boosted its stake in shares of Stanley Black & Decker by 7,765.7% in the 4th quarter. Marshall Wace LLP now owns 582,535 shares of the industrial products company's stock valued at $46,772,000 after buying an additional 575,129 shares during the period. Finally, Mariner LLC boosted its stake in shares of Stanley Black & Decker by 590.4% in the 4th quarter. Mariner LLC now owns 435,295 shares of the industrial products company's stock valued at $34,950,000 after buying an additional 372,247 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Stanley Black & Decker Stock Performance

Shares of NYSE:SWK traded up $1.01 during trading on Monday, reaching $67.99. The company had a trading volume of 1,642,958 shares, compared to its average volume of 2,462,045. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.04 and a quick ratio of 0.34. The stock's fifty day moving average price is $68.48 and its 200 day moving average price is $72.92. Stanley Black & Decker, Inc. has a fifty-two week low of $53.91 and a fifty-two week high of $110.88.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.70. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. Stanley Black & Decker's quarterly revenue was down 6.2% on a year-over-year basis. As a group, equities research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS 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. Shareholders of record on Tuesday, September 2nd will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.9%. This is a positive change from Stanley Black & Decker's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Tuesday, September 2nd. Stanley Black & Decker's dividend payout ratio is currently 104.13%.

Analysts Set New Price Targets

SWK has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $80.00 price objective on shares of Stanley Black & Decker in a research note on Wednesday. Wells Fargo & Company boosted their target price on Stanley Black & Decker from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. decreased their target price 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. Barclays decreased their target price on Stanley Black & Decker from $90.00 to $89.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut Stanley Black & Decker from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $91.10.

Stanley Black & Decker Company 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.