Quadrature Capital Ltd Sells 18,246 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

Quadrature Capital Ltd lessened its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 35.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,623 shares of the industrial products company’s stock after selling 18,246 shares during the quarter. Quadrature Capital Ltd’s holdings in Stanley Black & Decker were worth $3,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in Stanley Black & Decker in the 4th quarter valued at about $133,952,000. International Assets Investment Management LLC boosted its holdings in shares of Stanley Black & Decker by 9,029.0% in the fourth quarter. International Assets Investment Management LLC now owns 421,304 shares of the industrial products company’s stock valued at $41,330,000 after purchasing an additional 416,689 shares during the period. Kodai Capital Management LP bought a new position in Stanley Black & Decker in the fourth quarter worth approximately $32,679,000. Price T Rowe Associates Inc. MD increased its holdings in Stanley Black & Decker by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,159,917 shares of the industrial products company’s stock worth $1,683,389,000 after purchasing an additional 279,866 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Stanley Black & Decker during the 4th quarter valued at $12,992,000. 87.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on SWK. Barclays cut shares of Stanley Black & Decker from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $100.00 to $86.00 in a report on Tuesday, June 4th. Wells Fargo & Company cut their price objective on shares of Stanley Black & Decker from $92.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Robert W. Baird lowered their target price on Stanley Black & Decker from $82.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Stanley Black & Decker currently has an average rating of “Hold” and an average target price of $94.67.

Insiders Place Their Bets

In other news, SVP Janet Link sold 3,442 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $86.80, for a total transaction of $298,765.60. Following the sale, the senior vice president now directly owns 32,860 shares of the company’s stock, valued at $2,852,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Stanley Black & Decker Stock Up 6.5 %

Shares of SWK traded up $5.86 during midday trading on Friday, hitting $95.43. 3,723,760 shares of the company’s stock traded hands, compared to its average volume of 1,425,406. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of -138.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Stanley Black & Decker, Inc. has a 1 year low of $76.26 and a 1 year high of $104.21. The firm’s fifty day moving average is $84.83 and its 200-day moving average is $89.15.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. Stanley Black & Decker had a positive return on equity of 3.95% and a negative net margin of 0.66%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the business posted ($0.41) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stanley Black & Decker, Inc. will post 3.98 earnings per share for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.82 per share. This is a positive change from Stanley Black & Decker’s previous quarterly dividend of $0.81. The ex-dividend date is Tuesday, September 3rd. This represents a $3.28 dividend on an annualized basis and a yield of 3.44%. Stanley Black & Decker’s dividend payout ratio is presently -469.56%.

About Stanley Black & Decker

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.