Short Interest in Stanley Black & Decker, Inc. (SWK) Grows By 57.5%

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Stanley Black & Decker, Inc. (NYSE:SWK) saw a large increase in short interest in the month of September. As of September 28th, there was short interest totalling 4,058,249 shares, an increase of 57.5% from the September 14th total of 2,576,530 shares. Based on an average daily volume of 1,513,111 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the shares of the stock are sold short.

In other news, VP Jocelyn Belisle sold 1,185 shares of Stanley Black & Decker stock in a transaction on Friday, September 7th. The stock was sold at an average price of $139.04, for a total transaction of $164,762.40. Following the transaction, the vice president now directly owns 12,766 shares in the company, valued at approximately $1,774,984.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.69% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its position in shares of Stanley Black & Decker by 23.9% in the first quarter. GSA Capital Partners LLP now owns 3,342 shares of the industrial products company’s stock worth $512,000 after buying an additional 644 shares during the period. A.R.T. Advisors LLC boosted its position in shares of Stanley Black & Decker by 82.4% in the first quarter. A.R.T. Advisors LLC now owns 12,400 shares of the industrial products company’s stock worth $1,899,000 after buying an additional 5,600 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Stanley Black & Decker by 1.6% in the first quarter. The Manufacturers Life Insurance Company now owns 275,222 shares of the industrial products company’s stock worth $42,165,000 after buying an additional 4,310 shares during the period. United Capital Financial Advisers LLC boosted its position in shares of Stanley Black & Decker by 9.1% in the first quarter. United Capital Financial Advisers LLC now owns 5,773 shares of the industrial products company’s stock worth $871,000 after buying an additional 483 shares during the period. Finally, Natixis boosted its position in shares of Stanley Black & Decker by 860.7% in the first quarter. Natixis now owns 43,009 shares of the industrial products company’s stock worth $6,589,000 after buying an additional 38,532 shares during the period. Institutional investors and hedge funds own 83.56% of the company’s stock.

Shares of NYSE SWK opened at $127.86 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.94. The firm has a market capitalization of $22.41 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.73 and a beta of 0.98. Stanley Black & Decker has a 52-week low of $127.35 and a 52-week high of $176.62.

Stanley Black & Decker (NYSE:SWK) last issued its earnings results on Friday, July 20th. The industrial products company reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.54. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Stanley Black & Decker had a return on equity of 16.54% and a net margin of 7.52%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. As a group, research analysts expect that Stanley Black & Decker will post 8.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Thursday, September 6th. Stanley Black & Decker’s payout ratio is presently 35.44%.

Several equities analysts have recently issued reports on the company. ValuEngine cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Macquarie lowered their price target on Stanley Black & Decker from $180.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, September 6th. UBS Group lowered their price target on Stanley Black & Decker from $195.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Zacks Investment Research cut Stanley Black & Decker from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Wolfe Research assumed coverage on Stanley Black & Decker in a research report on Wednesday, June 27th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Stanley Black & Decker currently has an average rating of “Buy” and an average target price of $178.69.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc provides tools and storage, engineered fastening and infrastructure, and security solutions worldwide. The company's Tools & Storage segment offers professional products, including corded and cordless electric power tools and equipment, drills, impact wrenches and drivers, grinders, saws, routers, and sanders, as well as pneumatic tools and fasteners, including nail guns, nails, staplers and staples, and concrete and masonry anchors; and consumer products, such as lawn and garden products comprising hedge and string trimmers, lawn mowers, and edgers and related accessories, as well as home products, such as hand-held vacuums, paint tools, and cleaning appliances.

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