Stanley Black & Decker, Inc. (NYSE:SWK) Short Interest Up 23.8% in August

Stanley Black & Decker, Inc. (NYSE:SWK) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,962,400 shares, an increase of 23.8% from the July 31st total of 2,393,800 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily trading volume, of 974,900 shares, the short-interest ratio is presently 3.0 days.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of Stanley Black & Decker stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $151.04, for a total value of $1,487,744.00. Following the transaction, the senior vice president now owns 45,706 shares of the company’s stock, valued at approximately $6,903,434.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.03% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Doyle Wealth Management acquired a new stake in Stanley Black & Decker during the 2nd quarter valued at approximately $30,000. Meeder Asset Management Inc. purchased a new position in shares of Stanley Black & Decker during the 2nd quarter valued at approximately $36,000. Rational Advisors LLC increased its holdings in shares of Stanley Black & Decker by 4,116.7% during the 1st quarter. Rational Advisors LLC now owns 253 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 247 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Stanley Black & Decker by 134.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 272 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 156 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in Stanley Black & Decker by 53.7% in the 2nd quarter. NEXT Financial Group Inc now owns 289 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.



NYSE SWK traded down $0.05 on Thursday, hitting $147.12. 1,273,100 shares of the company’s stock traded hands, compared to its average volume of 1,218,079. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.52. Stanley Black & Decker has a 1-year low of $106.41 and a 1-year high of $155.22. The firm’s 50-day moving average price is $138.38 and its two-hundred day moving average price is $139.39. The firm has a market capitalization of $21.72 billion, a PE ratio of 18.05, a P/E/G ratio of 1.91 and a beta of 1.39.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 EPS for the quarter, beating the consensus estimate of $2.55 by $0.11. Stanley Black & Decker had a net margin of 4.97% and a return on equity of 17.10%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the business posted $2.57 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, research analysts anticipate that Stanley Black & Decker will post 8.6 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.88%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s payout ratio is presently 33.87%.

A number of research firms recently commented on SWK. Wells Fargo & Co lowered their target price on shares of Stanley Black & Decker from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Zelman & Associates upgraded shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Bank of America began coverage on shares of Stanley Black & Decker in a research note on Friday, June 21st. They issued an “underperform” rating and a $140.00 target price for the company. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. They noted that the move was a valuation call. Finally, Buckingham Research lifted their target price on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Stanley Black & Decker has an average rating of “Buy” and an average target price of $157.06.

About Stanley Black & Decker

Stanley Black & Decker, Inc engages in tools and storage, industrial, and security businesses worldwide. Its Tools & Storage segment offers power tools and equipment, including professional products, such as professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products comprising corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as lawn and garden products and related accessories, and home products.

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