Stanley Black & Decker, Inc. Co (NYSE:SWT) Sees Significant Drop in Short Interest

Stanley Black & Decker, Inc. Co (NYSE:SWTGet Rating) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 109,500 shares, a decline of 33.4% from the May 15th total of 164,300 shares. Based on an average daily volume of 95,900 shares, the days-to-cover ratio is presently 1.1 days.

Separately, TheStreet cut Stanley Black & Decker from a “c” rating to a “d+” rating in a report on Thursday, May 19th.

Shares of SWT stock traded up $0.89 on Tuesday, reaching $68.92. The company had a trading volume of 207 shares, compared to its average volume of 83,560. The company has a 50-day moving average of $80.24 and a 200-day moving average of $93.74. Stanley Black & Decker has a 12 month low of $68.03 and a 12 month high of $123.61.

The business also recently declared a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Friday, May 13th were paid a $1.3125 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $5.25 dividend on an annualized basis and a dividend yield of 7.62%.

Several hedge funds have recently made changes to their positions in SWT. Bank of America Corp DE increased its stake in Stanley Black & Decker by 14.5% during the 1st quarter. Bank of America Corp DE now owns 138,600 shares of the company’s stock worth $12,185,000 after purchasing an additional 17,532 shares in the last quarter. Laffer Tengler Investments increased its stake in Stanley Black & Decker by 0.7% during the 1st quarter. Laffer Tengler Investments now owns 25,449 shares of the company’s stock worth $2,226,000 after purchasing an additional 184 shares in the last quarter. American Century Companies Inc. increased its stake in Stanley Black & Decker by 48.3% during the 1st quarter. American Century Companies Inc. now owns 3,760 shares of the company’s stock worth $329,000 after purchasing an additional 1,224 shares in the last quarter. SSI Investment Management LLC increased its stake in Stanley Black & Decker by 328.4% during the 1st quarter. SSI Investment Management LLC now owns 108,475 shares of the company’s stock worth $9,470,000 after purchasing an additional 83,155 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Stanley Black & Decker by 5.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,246,100 shares of the company’s stock worth $4,611,000 after purchasing an additional 258,100 shares in the last quarter.

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