Stanley Black & Decker Sees Unusually Large Options Volume (NYSE:SWK)

Stanley Black & Decker, Inc. (NYSE:SWK - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors bought 5,778 put options on the company. This is an increase of approximately 216% compared to the average volume of 1,830 put options.

Analysts Set New Price Targets

Several analysts recently issued reports on SWK shares. Citigroup lowered 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. Mizuho upgraded Stanley Black & Decker from a "neutral" rating to an "outperform" rating and set a $110.00 target price on the stock in a report on Thursday, December 19th. UBS Group decreased 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. Wells Fargo & Company reduced their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group assumed coverage on shares of Stanley Black & Decker in a research note on Wednesday, February 19th. They issued a "buy" rating and a $103.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $102.20.

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Stanley Black & Decker Stock Performance

SWK stock traded down $2.02 on Tuesday, reaching $57.25. The company's stock had a trading volume of 3,595,335 shares, compared to its average volume of 1,664,430. Stanley Black & Decker has a 52 week low of $56.56 and a 52 week high of $110.88. The firm has a fifty day moving average of $82.88 and a two-hundred day moving average of $88.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 0.37. The company has a market capitalization of $8.85 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14.

Stanley Black & Decker (NYSE:SWK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.21. Stanley Black & Decker had a net margin of 1.92% and a return on equity of 7.50%. As a group, analysts predict that Stanley Black & Decker will post 5.16 EPS for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were issued a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Tuesday, March 4th. Stanley Black & Decker's payout ratio is 169.07%.

Institutional Trading of Stanley Black & Decker

Several large investors have recently made changes to their positions in the business. Ridgewood Investments LLC bought a new stake in Stanley Black & Decker in the fourth quarter valued at about $36,000. Cape Investment Advisory Inc. grew its stake in shares of Stanley Black & Decker by 107.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 458 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 237 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. increased its holdings in Stanley Black & Decker by 61.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 521 shares of the industrial products company's stock valued at $42,000 after buying an additional 199 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in shares of Stanley Black & Decker in the 4th quarter valued at $44,000. Institutional investors own 87.77% of the company's stock.

Stanley Black & Decker Company 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.