AlphaQuest LLC Buys 5,898 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

AlphaQuest LLC increased its holdings in shares of Stanley Black & Decker, Inc. (NYSE:SWK - Free Report) by 98,300.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,904 shares of the industrial products company's stock after purchasing an additional 5,898 shares during the period. AlphaQuest LLC's holdings in Stanley Black & Decker were worth $474,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Americana Partners LLC lifted its position in shares of Stanley Black & Decker by 180.5% during the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company's stock worth $9,064,000 after purchasing an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth about $1,386,000. Avanza Fonder AB acquired a new position in shares of Stanley Black & Decker during the 4th quarter worth about $1,287,000. State Street Corp lifted its position in shares of Stanley Black & Decker by 6.5% during the 3rd quarter. State Street Corp now owns 9,062,992 shares of the industrial products company's stock worth $998,107,000 after purchasing an additional 549,531 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Stanley Black & Decker by 40.8% during the 3rd quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after purchasing an additional 267,723 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SWK shares. 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. Mizuho raised Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 price target for the company in a report on Thursday, December 19th. Citigroup cut their price target on Stanley Black & Decker from $135.00 to $118.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Barclays cut their price target on Stanley Black & Decker from $100.00 to $94.00 and set an "equal weight" rating for the company in a report on Wednesday, January 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Stanley Black & Decker currently has an average rating of "Hold" and an average target price of $103.00.

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Stanley Black & Decker Trading Down 2.1 %

Shares of SWK opened at $81.16 on Thursday. Stanley Black & Decker, Inc. has a 1 year low of $77.70 and a 1 year high of $110.88. 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 stock has a 50 day simple moving average of $85.48 and a 200-day simple moving average of $91.80. The stock has a market cap of $12.53 billion, a PE ratio of 41.84, a PEG ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. On average, sell-side analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be given a dividend of $0.82 per share. The ex-dividend date is Tuesday, March 4th. This represents a $3.28 dividend on an annualized basis and a yield of 4.04%. Stanley Black & Decker's dividend payout ratio (DPR) is presently 169.07%.

About Stanley Black & Decker

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 Storage segment, and Industrial segment.

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