Stanley Black & Decker, Inc. (NYSE:SWK) was the recipient of a significant increase in short interest in 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 sold short. Based on an average daily trading volume, of 974,900 shares, the short-interest ratio is currently 3.0 days.

Several research analysts have recently issued reports on SWK shares. Deutsche Bank dropped their target price on shares of Stanley Black & Decker from $167.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a report on Tuesday, May 21st. Gabelli cut shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. Buckingham Research boosted their price objective on shares of Stanley Black & Decker from $154.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, Bank of America assumed coverage on shares of Stanley Black & Decker in a report on Friday, June 21st. They set an “underperform” rating and a $140.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $157.06.

In other news, SVP Jaime A. Ramirez sold 9,850 shares of the company’s 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 in the company, valued at $6,903,434.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.03% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SWK. Geode Capital Management LLC increased its holdings in Stanley Black & Decker by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 1,947,219 shares of the industrial products company’s stock valued at $232,748,000 after buying an additional 109,205 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Stanley Black & Decker by 2.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 12,761 shares of the industrial products company’s stock valued at $1,737,000 after buying an additional 289 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in Stanley Black & Decker by 22.0% during the first quarter. Cornerstone Advisors Inc. now owns 583 shares of the industrial products company’s stock valued at $79,000 after buying an additional 105 shares during the last quarter. State Treasurer State of Michigan increased its holdings in Stanley Black & Decker by 0.9% during the first quarter. State Treasurer State of Michigan now owns 43,648 shares of the industrial products company’s stock valued at $5,944,000 after buying an additional 400 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Stanley Black & Decker by 73.9% during the first quarter. Toronto Dominion Bank now owns 154,977 shares of the industrial products company’s stock valued at $21,099,000 after buying an additional 65,854 shares during the last quarter. 85.59% of the stock is owned by institutional investors and hedge funds.

Shares of SWK traded down $0.87 during mid-day trading on Friday, hitting $146.25. 1,114,267 shares of the company traded hands, compared to its average volume of 1,217,553. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.44 and a current ratio of 0.95. The stock has a 50-day moving average price of $138.27 and a two-hundred day moving average price of $139.43. Stanley Black & Decker has a 1 year low of $106.41 and a 1 year high of $155.22. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.97 and a beta of 1.39.

Stanley Black & Decker (NYSE:SWK) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.66 earnings per share 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 firm 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 company earned $2.57 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Stanley Black & Decker will post 8.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.69 per share. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.66. This represents a $2.76 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, August 30th. Stanley Black & Decker’s dividend payout ratio is currently 33.87%.

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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