Interval Partners LP Acquires New Position in Stanley Black & Decker, Inc. (NYSE:SWK)

Interval Partners LP bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 225,659 shares of the industrial products company's stock, valued at approximately $18,118,000. Interval Partners LP owned about 0.15% of Stanley Black & Decker at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SWK. Americana Partners LLC raised its stake in Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after acquiring an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Stanley Black & Decker in the fourth quarter worth about $1,386,000. Avanza Fonder AB purchased a new stake in Stanley Black & Decker in the fourth quarter valued at approximately $1,287,000. Franklin Resources Inc. increased its holdings in Stanley Black & Decker by 12.6% in the 3rd quarter. Franklin Resources Inc. now owns 168,099 shares of the industrial products company's stock worth $18,298,000 after buying an additional 18,776 shares during the period. Finally, Cascade Investment Advisors Inc. purchased a new position in Stanley Black & Decker during the 4th quarter worth approximately $1,076,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Stanley Black & Decker Stock Performance

NYSE:SWK opened at $62.71 on Friday. Stanley Black & Decker, Inc. has a twelve month low of $53.91 and a twelve month high of $110.88. The company has a market cap of $9.70 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.33 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The company's 50-day moving average price is $68.75 and its 200-day moving average price is $80.37.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued 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 return on equity of 7.50% and a net margin of 1.92%. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.56 EPS. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Tuesday, June 3rd. Stanley Black & Decker's payout ratio is currently 136.10%.

Wall Street Analyst Weigh In

SWK has been the subject of a number of research reports. Citigroup decreased their target price on shares of Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Wells Fargo & Company lowered their target price 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. Barclays reduced their price target on Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Robert W. Baird upped their price objective 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, Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They set a "buy" rating and a $103.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $92.70.

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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