Paloma Partners Management Co Grows Stock Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Paloma Partners Management Co boosted its stake in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 9,623.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,500 shares of the industrial products company's stock after buying an additional 226,150 shares during the quarter. Stanley Black & Decker accounts for approximately 0.8% of Paloma Partners Management Co's portfolio, making the stock its 26th largest holding. Paloma Partners Management Co owned 0.15% of Stanley Black & Decker worth $18,346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of Stanley Black & Decker by 67.7% in the 4th quarter. AQR Capital Management LLC now owns 623,963 shares of the industrial products company's stock worth $50,098,000 after acquiring an additional 251,850 shares during the period. Northern Trust Corp grew its holdings in Stanley Black & Decker by 8.4% in the fourth quarter. Northern Trust Corp now owns 1,438,911 shares of the industrial products company's stock valued at $115,530,000 after purchasing an additional 110,980 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Stanley Black & Decker by 8.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 317,888 shares of the industrial products company's stock valued at $25,523,000 after buying an additional 23,483 shares in the last quarter. Aquatic Capital Management LLC boosted its position in shares of Stanley Black & Decker by 774.0% in the 4th quarter. Aquatic Capital Management LLC now owns 61,182 shares of the industrial products company's stock worth $4,912,000 after buying an additional 54,182 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in Stanley Black & Decker in the 4th quarter valued at about $337,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Stanley Black & Decker Trading Down 1.9 %

Shares of SWK traded down $1.16 during mid-day trading on Thursday, hitting $58.86. The company had a trading volume of 4,394,337 shares, compared to its average volume of 1,812,830. Stanley Black & Decker, Inc. has a 1-year low of $53.91 and a 1-year high of $110.88. The business's 50-day simple moving average is $71.72 and its 200-day simple moving average is $82.40. The stock has a market cap of $9.10 billion, a PE ratio of 30.34, a P/E/G ratio of 1.33 and a beta of 1.14. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. The company 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 revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.82 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $3.28 annualized dividend and a yield of 5.57%. Stanley Black & Decker's dividend payout ratio is presently 136.10%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SWK shares. Wells Fargo & Company cut their target price on shares of Stanley Black & Decker from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Thursday. UBS Group cut their price target on Stanley Black & Decker from $121.00 to $120.00 and set a "buy" rating for the company in a report on Friday, February 7th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They set a "buy" rating and a $103.00 price objective for the company. Barclays reduced their target price on shares of Stanley Black & Decker from $94.00 to $86.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird lifted their price target on shares of Stanley Black & Decker from $60.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker currently has a consensus rating of "Hold" and a consensus target price of $95.50.

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.