Stanley Black & Decker, Inc. (NYSE:SWK) Short Interest Down 19.2% in December

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 4,000,000 shares, a drop of 19.2% from the November 30th total of 4,950,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 2.5 days. Approximately 2.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SWK. Morgan Stanley dropped their price target on Stanley Black & Decker from $107.00 to $98.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Robert W. Baird cut their price target on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price target on Stanley Black & Decker from $94.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $103.25.

Stanley Black & Decker Trading Down 0.4 %

Shares of SWK traded down $0.33 during trading hours on Friday, hitting $80.58. The company had a trading volume of 870,052 shares, compared to its average volume of 1,472,092. Stanley Black & Decker has a 52-week low of $77.70 and a 52-week high of $110.88. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The stock's 50 day moving average price is $88.89 and its 200 day moving average price is $93.46. The firm has a market cap of $12.42 billion, a P/E ratio of -58.82, a P/E/G ratio of 2.24 and a beta of 1.23.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.17. The business had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.80 billion. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The business's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, research analysts predict that Stanley Black & Decker will post 4.12 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, November 29th were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is -239.42%.

Institutional Trading of Stanley Black & Decker

Several large investors have recently modified their holdings of the business. Clean Energy Transition LLP increased its position in Stanley Black & Decker by 49.0% during the 3rd quarter. Clean Energy Transition LLP now owns 1,984,184 shares of the industrial products company's stock valued at $218,518,000 after purchasing an additional 652,780 shares during the period. State Street Corp boosted its stake 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 valued at $998,107,000 after purchasing an additional 549,531 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Stanley Black & Decker by 14,394.0% during the third quarter. International Assets Investment Management LLC now owns 393,657 shares of the industrial products company's stock valued at $43,353,000 after buying an additional 390,941 shares during the period. FMR LLC raised its stake in Stanley Black & Decker by 40.8% in the third quarter. FMR LLC now owns 923,118 shares of the industrial products company's stock worth $101,663,000 after buying an additional 267,723 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Stanley Black & Decker by 18.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,682,585 shares of the industrial products company's stock valued at $134,444,000 after acquiring an additional 267,013 shares in the last quarter. 87.77% of the stock is owned by institutional investors.

Stanley Black & Decker Company 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.