Y Intercept Hong Kong Ltd Invests $1.47 Million in Stanley Black & Decker, Inc. $SWK

Y Intercept Hong Kong Ltd bought a new position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,674 shares of the industrial products company’s stock, valued at approximately $1,468,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWK. Princeton Global Asset Management LLC acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $25,000. 1248 Management LLC acquired a new stake in shares of Stanley Black & Decker during the first quarter worth $26,000. TD Private Client Wealth LLC lifted its holdings in shares of Stanley Black & Decker by 830.4% during the first quarter. TD Private Client Wealth LLC now owns 428 shares of the industrial products company’s stock worth $33,000 after buying an additional 382 shares in the last quarter. Garde Capital Inc. lifted its holdings in shares of Stanley Black & Decker by 160.5% during the second quarter. Garde Capital Inc. now owns 521 shares of the industrial products company’s stock worth $35,000 after buying an additional 321 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Stanley Black & Decker during the second quarter worth $59,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Stanley Black & Decker Stock Performance

Stanley Black & Decker stock opened at $67.64 on Monday. Stanley Black & Decker, Inc. has a 12-month low of $53.91 and a 12-month high of $96.75. The company has a quick ratio of 0.34, a current ratio of 1.04 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $73.24 and its two-hundred day moving average price is $69.63. The stock has a market cap of $10.47 billion, a PE ratio of 21.47, a P/E/G ratio of 1.46 and a beta of 1.19.

Stanley Black & Decker (NYSE:SWK) last released its earnings results on Thursday, June 30th. The industrial products company reported $2.85 earnings per share (EPS) for the quarter. Stanley Black & Decker had a return on equity of 7.76% and a net margin of 3.15%.The firm had revenue of $3.72 billion for the quarter. As a group, analysts expect that Stanley Black & Decker, Inc. will post 5.16 earnings per share for the current fiscal year.

Stanley Black & Decker Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, December 1st. Stanley Black & Decker’s payout ratio is currently 105.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SWK shares. Wolfe Research raised Stanley Black & Decker from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 8th. Barclays dropped their price target on Stanley Black & Decker from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $80.00 price target on shares of Stanley Black & Decker in a research note on Wednesday, July 30th. Wall Street Zen downgraded Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Wells Fargo & Company boosted their price target on Stanley Black & Decker from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.10.

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.