Stanley Black & Decker, Inc. (SWK) Shares Bought by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd increased its position in shares of Stanley Black & Decker, Inc. (NYSE:SWK) by 1,218.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,219 shares of the industrial products company’s stock after acquiring an additional 18,686 shares during the period. BlueCrest Capital Management Ltd’s holdings in Stanley Black & Decker were worth $3,431,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Stanley Black & Decker by 1.5% during the fourth quarter. BlackRock Inc. now owns 10,065,546 shares of the industrial products company’s stock worth $1,708,022,000 after acquiring an additional 144,926 shares during the period. Wells Fargo & Company MN grew its holdings in Stanley Black & Decker by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 4,576,870 shares of the industrial products company’s stock worth $776,651,000 after acquiring an additional 104,499 shares during the period. Geode Capital Management LLC grew its holdings in Stanley Black & Decker by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 1,690,680 shares of the industrial products company’s stock worth $286,316,000 after acquiring an additional 76,100 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in Stanley Black & Decker by 1,171.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,279,391 shares of the industrial products company’s stock worth $217,099,000 after acquiring an additional 1,178,751 shares during the period. Finally, Legal & General Group Plc grew its holdings in Stanley Black & Decker by 3.7% during the third quarter. Legal & General Group Plc now owns 825,900 shares of the industrial products company’s stock worth $124,683,000 after acquiring an additional 29,194 shares during the period. 83.06% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

In other Stanley Black & Decker news, SVP Joseph R. Voelker sold 3,284 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $151.44, for a total transaction of $497,328.96. Following the completion of the sale, the senior vice president now directly owns 20,367 shares in the company, valued at approximately $3,084,378.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.15% of the company’s stock.

A number of research analysts recently issued reports on SWK shares. Gabelli reaffirmed a “hold” rating on shares of Stanley Black & Decker in a report on Monday, January 29th. Zacks Investment Research lowered Stanley Black & Decker from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine lowered Stanley Black & Decker from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley lifted their target price on Stanley Black & Decker from $172.00 to $189.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, MKM Partners lifted their price target on Stanley Black & Decker from $170.59 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $181.00.

Stanley Black & Decker, Inc. (NYSE:SWK) opened at $159.98 on Friday. The firm has a market capitalization of $24,530.00, a PE ratio of 19.51, a P/E/G ratio of 1.83 and a beta of 0.98. Stanley Black & Decker, Inc. has a 12 month low of $127.45 and a 12 month high of $176.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.05 and a quick ratio of 0.58.

Stanley Black & Decker (NYSE:SWK) last announced its quarterly earnings data on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.14 by $0.04. Stanley Black & Decker had a return on equity of 15.89% and a net margin of 9.62%. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. analysts expect that Stanley Black & Decker, Inc. will post 8.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.58%. Stanley Black & Decker’s payout ratio is presently 30.73%.

TRADEMARK VIOLATION NOTICE: This news story was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another domain, it was stolen and republished in violation of international copyright and trademark laws. The original version of this news story can be read at https://sportsperspectives.com/2018/03/10/stanley-black-decker-inc-swk-shares-bought-by-bluecrest-capital-management-ltd.html.

Stanley Black & Decker Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. (NYSE:SWK).

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply