AlphaQuest LLC Acquires 5,898 Shares of Stanley Black & Decker, Inc. (NYSE:SWK)

AlphaQuest LLC raised its position in Stanley Black & Decker, Inc. (NYSE:SWK) by 98,300.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,904 shares of the industrial products company’s stock after buying an additional 5,898 shares during the period. AlphaQuest LLC’s holdings in Stanley Black & Decker were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Americana Partners LLC boosted its position in Stanley Black & Decker by 180.5% in the 4th quarter. Americana Partners LLC now owns 112,889 shares of the industrial products company’s stock valued at $9,064,000 after buying an additional 72,637 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Stanley Black & Decker in the 4th quarter valued at $1,386,000. Avanza Fonder AB bought a new position in Stanley Black & Decker in the 4th quarter valued at $1,287,000. State Street Corp boosted its position in Stanley Black & Decker by 6.5% in 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 buying an additional 549,531 shares during the last quarter. Finally, FMR LLC boosted its position 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 valued at $101,663,000 after buying an additional 267,723 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SWK has been the topic of a number of recent research reports. Mizuho upgraded Stanley Black & Decker from a “neutral” rating to an “outperform” rating and set a $110.00 price objective on the stock in a research report on Thursday, December 19th. Citigroup reduced their price target on Stanley Black & Decker from $135.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Stanley Black & Decker in a research report on Wednesday, February 19th. They issued a “buy” rating and a $103.00 price target on the stock. UBS Group reduced their price target on Stanley Black & Decker from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Barclays reduced their price target on Stanley Black & Decker from $100.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Stanley Black & Decker has a consensus rating of “Hold” and a consensus target price of $103.00.

Stanley Black & Decker Stock Performance

Shares of Stanley Black & Decker stock opened at $81.16 on Thursday. The company has a market capitalization of $12.53 billion, a PE ratio of 41.84, a PEG ratio of 1.33 and a beta of 1.25. Stanley Black & Decker, Inc. has a 12 month low of $77.70 and a 12 month high of $110.88. The company has a current ratio of 1.30, a quick ratio of 0.37 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $85.48 and its 200 day simple moving average is $91.80.

Stanley Black & Decker (NYSE:SWK) last issued 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%. On average, research analysts predict that Stanley Black & Decker, Inc. will post 5.16 EPS for the current year.

Stanley Black & Decker Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Tuesday, March 4th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Tuesday, March 4th. Stanley Black & Decker’s dividend payout ratio is 169.07%.

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 Storage segment, and Industrial segment.