Diametric Capital LP Invests $240,000 in Stanley Black & Decker, Inc. (NYSE:SWK)

Diametric Capital LP bought a new stake in Stanley Black & Decker, Inc. (NYSE:SWK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,984 shares of the industrial products company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWK. Thrivent Financial for Lutherans raised its stake in shares of Stanley Black & Decker by 29.8% in the third quarter. Thrivent Financial for Lutherans now owns 8,424 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,933 shares during the last quarter. FMR LLC increased its holdings in Stanley Black & Decker by 40.8% in the 3rd 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 during the period. Glenmede Trust Co. NA lifted its stake in Stanley Black & Decker by 7.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,700 shares of the industrial products company’s stock valued at $1,068,000 after acquiring an additional 639 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Stanley Black & Decker by 13.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,682 shares of the industrial products company’s stock valued at $736,000 after acquiring an additional 800 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Stanley Black & Decker in the third quarter worth $259,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Stanley Black & Decker Stock Down 1.0 %

SWK stock opened at $76.10 on Wednesday. Stanley Black & Decker, Inc. has a 52 week low of $74.31 and a 52 week high of $110.88. The company has a quick ratio of 0.37, a current ratio of 1.30 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $84.67 and a 200-day simple moving average of $89.78. The stock has a market capitalization of $11.76 billion, a P/E ratio of 39.23, a P/E/G ratio of 1.33 and a beta of 1.25.

Stanley Black & Decker (NYSE:SWK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.28 by $0.21. Stanley Black & Decker had a return on equity of 7.50% and a net margin of 1.92%. Equities analysts forecast that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.28 annualized dividend and a yield of 4.31%. Stanley Black & Decker’s dividend payout ratio (DPR) is presently 169.07%.

Wall Street Analyst Weigh In

SWK has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Stanley Black & Decker in a report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. Barclays dropped their target price on Stanley Black & Decker from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. 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 dropped their price objective on shares of Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Wells Fargo & Company decreased their target price on shares of Stanley Black & Decker from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Stanley Black & Decker currently has a consensus rating of “Hold” and an average price target of $102.20.

Stanley Black & Decker 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.