GAMMA Investing LLC Invests $169,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

GAMMA Investing LLC purchased a new position in Stanley Black & Decker, Inc. (NYSE:SWK) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 1,808 shares of the industrial products company’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SWK. International Assets Investment Management LLC lifted its position in shares of Stanley Black & Decker by 9,029.0% during the 4th quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after acquiring an additional 416,689 shares during the period. Clean Energy Transition LLP lifted its position in shares of Stanley Black & Decker by 13.8% during the 3rd quarter. Clean Energy Transition LLP now owns 2,292,331 shares of the industrial products company’s stock valued at $191,593,000 after acquiring an additional 277,507 shares during the period. Kensico Capital Management Corp lifted its position in shares of Stanley Black & Decker by 49.6% during the 3rd quarter. Kensico Capital Management Corp now owns 658,200 shares of the industrial products company’s stock valued at $55,012,000 after acquiring an additional 218,200 shares during the period. Barclays PLC lifted its position in shares of Stanley Black & Decker by 62.7% during the 3rd quarter. Barclays PLC now owns 377,665 shares of the industrial products company’s stock valued at $31,567,000 after acquiring an additional 145,517 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Stanley Black & Decker by 79.3% during the 3rd quarter. Principal Financial Group Inc. now owns 315,113 shares of the industrial products company’s stock valued at $26,337,000 after acquiring an additional 139,371 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SWK. Wells Fargo & Company decreased their price target on shares of Stanley Black & Decker from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Barclays upped their target price on shares of Stanley Black & Decker from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reduced their target price on shares of Stanley Black & Decker from $89.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, February 6th. Finally, Robert W. Baird reduced their target price on shares of Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.11.

Stanley Black & Decker Trading Up 1.0 %

Shares of Stanley Black & Decker stock opened at $89.72 on Friday. Stanley Black & Decker, Inc. has a 12-month low of $73.87 and a 12-month high of $104.21. The company has a market cap of $13.80 billion, a price-to-earnings ratio of -43.13, a PEG ratio of 2.39 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $91.54 and its 200-day moving average price is $91.03.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings results on Thursday, February 1st. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.19. Stanley Black & Decker had a negative net margin of 1.97% and a positive return on equity of 2.34%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the prior year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts expect that Stanley Black & Decker, Inc. will post 4.13 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Stockholders of record on Tuesday, June 4th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.61%. Stanley Black & Decker’s payout ratio is -155.77%.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products.