Alpha DNA Investment Management LLC Raises Holdings in Stanley Black & Decker, Inc. (NYSE:SWK)

Alpha DNA Investment Management LLC lifted its holdings in Stanley Black & Decker, Inc. (NYSE:SWK) by 294.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138 shares of the industrial products company’s stock after buying an additional 103 shares during the period. Alpha DNA Investment Management LLC’s holdings in Stanley Black & Decker were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC acquired a new position in Stanley Black & Decker during the first quarter worth $33,000. Oxler Private Wealth LLC acquired a new position in Stanley Black & Decker in the 4th quarter valued at about $35,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Stanley Black & Decker during the 4th quarter worth approximately $48,000. CX Institutional raised its position in shares of Stanley Black & Decker by 34.6% during the 1st quarter. CX Institutional now owns 241 shares of the industrial products company’s stock valued at $48,000 after buying an additional 62 shares during the period. Finally, Valley Brook Capital Group purchased a new position in Stanley Black & Decker in the fourth quarter worth approximately $53,000. 87.02% of the stock is owned by institutional investors.

In other Stanley Black & Decker news, SVP Janet Link sold 7,446 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $209.03, for a total transaction of $1,556,437.38. Following the completion of the sale, the senior vice president now directly owns 29,461 shares of the company’s stock, valued at approximately $6,158,232.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jaime A. Ramirez sold 8,315 shares of the business’s stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $209.99, for a total value of $1,746,066.85. Following the completion of the transaction, the executive vice president now directly owns 31,059 shares in the company, valued at approximately $6,522,079.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,065 shares of company stock valued at $3,932,015. 0.93% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on SWK. JPMorgan Chase & Co. boosted their price objective on shares of Stanley Black & Decker from $200.00 to $206.00 and gave the company a “neutral” rating in a report on Wednesday, April 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Stanley Black & Decker from $215.00 to $221.00 and gave the company a “buy” rating in a report on Tuesday, April 13th. Barclays raised their price target on Stanley Black & Decker from $214.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 6th. Zacks Investment Research upgraded Stanley Black & Decker from a “hold” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Tuesday. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Stanley Black & Decker in a research report on Tuesday, May 18th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Stanley Black & Decker has a consensus rating of “Buy” and a consensus price target of $209.82.

Shares of Stanley Black & Decker stock opened at $204.00 on Friday. The stock’s 50-day moving average is $209.35. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.74 and a current ratio of 1.42. Stanley Black & Decker, Inc. has a one year low of $124.74 and a one year high of $225.00. The firm has a market capitalization of $32.94 billion, a P/E ratio of 20.77, a PEG ratio of 1.74 and a beta of 1.45.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $3.13 EPS for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.57. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.91 billion. Stanley Black & Decker had a net margin of 10.18% and a return on equity of 19.02%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. On average, analysts forecast that Stanley Black & Decker, Inc. will post 10.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 22nd. Investors of record on Tuesday, June 8th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Monday, June 7th. Stanley Black & Decker’s dividend payout ratio (DPR) is 30.97%.

Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc engages in the 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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Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

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