Stanley Black & Decker, Inc. (NYSE:SWK) Sees Large Decrease in Short Interest

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,470,000 shares, a decline of 25.1% from the October 15th total of 4,630,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is currently 2.6 days.

Stanley Black & Decker Trading Down 0.4 %

Shares of NYSE SWK traded down $0.37 during mid-day trading on Friday, reaching $85.45. The company had a trading volume of 1,522,938 shares, compared to its average volume of 1,446,237. The business's 50-day moving average is $101.46 and its 200-day moving average is $93.82. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.63. Stanley Black & Decker has a 52 week low of $77.70 and a 52 week high of $110.88. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -62.85, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25.

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, beating the consensus estimate of $1.05 by $0.17. Stanley Black & Decker had a positive return on equity of 6.44% and a negative net margin of 1.33%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business's revenue for the quarter was down 5.1% on a year-over-year basis. Equities analysts expect that Stanley Black & Decker will post 4.13 earnings per share for the current year.

Stanley Black & Decker Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, November 29th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, November 29th. Stanley Black & Decker's dividend payout ratio (DPR) is currently -239.42%.

Institutional Trading of Stanley Black & Decker

Several hedge funds have recently modified their holdings of SWK. Rise Advisors LLC boosted its stake in Stanley Black & Decker by 99.3% in the third quarter. Rise Advisors LLC now owns 267 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in Stanley Black & Decker in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its holdings in Stanley Black & Decker by 81.4% in the second quarter. EverSource Wealth Advisors LLC now owns 528 shares of the industrial products company's stock worth $42,000 after acquiring an additional 237 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Stanley Black & Decker in the 2nd quarter valued at approximately $56,000. Finally, Waldron Private Wealth LLC acquired a new position in shares of Stanley Black & Decker in the 3rd quarter valued at $59,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SWK. Robert W. Baird lowered their price objective on shares of Stanley Black & Decker from $104.00 to $102.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. 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. JPMorgan Chase & Co. raised their price objective on Stanley Black & Decker from $80.00 to $88.00 and gave the company an "underweight" rating in a research note on Monday, August 5th. StockNews.com downgraded Stanley Black & Decker from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th. Finally, UBS Group raised their price target on Stanley Black & Decker from $110.00 to $121.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $102.29.

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.